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33 sats \ 2 replies \ @SimpleStacker 22 Mar \ on: What are these Sats Worth? A Thought Experiment... bitcoin
$13 million per Bitcoin is definitely on the higher end of estimates.
Using a MV = PY model of Bitcoin valuation assuming Bitcoin subsumes all the world's transactions, I only calculated a $3.4 million per Bitcoin price (in today's dollar valuations)... see #49434
An academic article I also wrote about (#745057) gave estimates in the $47,000 to $1.3 million range.
I don't exactly know where Saylor is getting his estimates, but it looks like he's assuming that Bitcoin subsumes all the world's asset value. I'm not sure what I think about that... I don't know if that model makes sense. Maybe it does, I just have to think about it more.
I don't think it's all the asset value, just the monetary premia being enjoyed by other assets.
See my highest ranked post for a discussion of a simulator that runs through these different scenarios: #474759
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I'll look into it more, however Saylor is definitely assuming value storage in addition to transactions. 7% of global wealth in 'Bitcoin'. In other words 93% not in Bitcoin at all. He puts a big premium on the 'quality' and counter-party risk reduction of bitcoin value storage... plus the security.
Even if the reality is 50% of what he predicts... it's pretty cool
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