In the grand scheme of things very few people own equity, its only in recent years people have moved to it as a savings vehicle, I think under a bitcoin standard this goes away, if your money appreciates, even slightly what appeal is there to go seek out risk?

I think a BTC standard would also see a lot more companies not needing public markets, they would find a size and stay there and remain private, owned by the founders, staff and maybe a few private equity players

As for the public market, oef PE ratios I think below 10 would be the norm and while some might still try to do the buy back thing, I think dividents make a big come back