This r/Bitcoin post made me wonder what would happen if all the world's lotto money went into Bitcoin instead.
What do you think?
https://www.statista.com/statistics/388238/sales-of-lotteries-by-state-us/ This site says there's about $90 billion in annual US lotto sales.
Now for my stupid math guess. $90 billion divided among 17 million would be a price increase of $5,294. (According to my busted ass theory of nonsense here).
Trade friction with $90B into BTC would add closer to $3T to the market cap. There's not even $90B in BTC on exchanges. It's about $55B across all exchanges according to Glassnode's January statistics.
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