Well, technically that could be possible, but is there enough money available in the world of high risk investment to fuel that enormous market cap?
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Well, technically that could be possible, but is there enough money available in the world of high risk investment to fuel that enormous market cap?
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Actually... with low yields and currency debasement, probably yes. :)
Oh yes. There is a lot of money sitting on the side lines. With bond yields inverted and negative interest rates, there is a LOT of money out there.
The problem is that the doorway into cryptos is small.
The rumors are that over-the-counter sales of bitcoin are double the price of what we see on trading.
Yep good points.
Yeah, I know. But total market cap of bitcoin at a price above 1 million. That is an insanely amount of value. That would be something like 2,6e13 dollars (that would be 26 trillion if I calculated that correctly). As far as I know that is more money than the total debt of the USA.
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It would be 3x the current gold market.
That would be big enough to change how the world market works.
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Yep big time, though, it bitcoin is worth $1.5 million it would be interesting to see what the purchasing power of the dollar actually. I mean if every other market is worth significantly more than it is right now as well (in dollar terms) it gives that kind of price some context.