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268 sats \ 10 replies \ @zuspotirko 24 Jul 2022 \ on: Satoshi = $1 bitcoin
1 sat = 1$
<=> 1BTC = 100m
=> Market cap = 2 thousand trillion
Currently all stocks world wide are estimated to be 90 trillion
Your scenario is either waaay into the future or in an extreme hyperinflation. My guess is that this probably won't happen.
Comparing bitcoin to stocks
cringe
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I did not want to compare it
(note how it does not say one is x times the other or ANY other verb that indicates comparison)
Just putting things into perspective
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You should compare market cap of bitcoin to all excess value in stocks, all excess value in gold, all excess value in land and real estate and all fiat currency in the world combined.
This is the hyperbitcoinized market cap.
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all excess value in stocks, all excess value in gold, all excess value in land and real estate and all fiat currency in the world combined
That's a weird metric. You mean currency + investment assets?
Are you sure that's what you want to say?
- Comparisons to currencies makes sense. But then you have to make lots of design decisions what you take into account between M0, M1 or M2 and cash-equivalents.
- Taking investments assets additionally in would mean Bitcoin would replace those. This does not make sense. A piece of land has an objective value greater zero. This wouldn't change by changing the denomination
- Taking investment assets into account can make sense under the premise that current investment assets are overvalued and savings assets are undervalued due to our inflationary money system. In the finance world we would call this a "valuation factor" which basically means you would multiply it with a number between 0.99 and 0.01. This can easily approximated for stocks with the so called Discounted Cash Flow method (short: DCF) but is probably impossible for real estate or paintings.
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All assets are overvalued by a significant percentage because of consistent inflation due to fiat. To move to a fixed supply money will allow illiquid assets to deflate to the value of their use rather than their value as an investment to hedge inflation.
All securities purchasable with tax deferred or tax free retirement accounts are artificially inflated due to people who otherwise wouldn't invest in risk assets to as a savings vehicle. This is what I mean by excess value.
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занести на рынок 10 000 000 000 000 $ и ты сможешь купить лишь 1 000 000 монет... дальше тебе цена не позволит купить 1 монету за 100 000 000 000
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когда на рынке всего 1 монета? что будем делать?
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Well, all of this is pretty out there ... Would there be no fiat paper money backed by fractional Bitcoin reserve banking? What would the economy look like then? Are we taking derivative financial products into account? What about cash-equivalents like short term bonds? Are talking todays dollars or then dollars?
The best orientation would be the counter values. What is the counter value in goods and services? Or buying power per capita like people used back in the days.
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нет... мне проще передать реальный чем банковский....
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The market cap of all currency does not only depend on what you do. It also depends on what the millions and billions of people out there do. And remember that most people are dumb and do not care.
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