52 sats \ 2 replies \ @Undisciplined 16 Nov 2022 \ on: Current US debt is more than 5.6 Bitcoins for every single person in America bitcoin
I don't think it's particularly surprising that the current valuation of Bitcoin is less than the entire accumulated federal debt. They have been working on it for over two hundred years, after all.
To extend this line of thinking a little bit though, dividing 31 trillion by 21 million would give the price of Bitcoin in a world where the total dollar valuation of Bitcoin is equal to the US national debt. That price is about $1.5 million per Bitcoin.
I think it's safe to say the dollar would have to be in real trouble by that point and the national debt would certainly have become much larger.
In just 4 years there was a 50% increase. That's a massive increase.
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Exponential growth is pretty nuts. It seems like every president more than doubles the debt.
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