1 to 5 trillion dollars flowing into Bitcoin is a modest estimation
I think so too.
Today in 2018, there is approximately 2.5 billion oz of Gold Bullion and 4 billion oz of Silver Bullion in the world. At current gold spot prices, there is about $3.3 trillion USD in gold bullion in the world, while there is just under $70 billion USD in silver bullion being held by global investors and governments.
Respectively both these silver and gold bullion valuation sums (especially with silver bullion) are dwarfed by the total valuations for debts, real estate, fiat currencies, and derivatives worldwide.
2,500,000,000*$1,282.38=$3,205,905,000,000 total gold valuation
$3,205,905,000,000/17,470,963 total bitcoins in circulation = $183,501.62 valuation capturing 100% of the bullion market.
50%=$91,750.81
25%=$45,875.40
12.5%=$22,937.70
6.25%=$11,468.85
3.125%=$5,734.43
1.5625%=$2,867.21
0.78125%=$1,433.61
We have captured and hedl just over 2% of the bullion market, down from nearly 10%?..we still have plenty of room to grow. Does a 10% to 20% share sound unreasonable within 10 years? Not at all.
I would also like to add that this is just a small slice of the larger equities market that is shown above. Gaining market share throughout broad money and multiple asset classes seems more probable that not to me over the long term.
Taking even a small percentage of these markets will see bitcoin grow by orders of magnitude.
Monetary supply of 120 trillion = $6,868,539.53 per coin
Just taking the top tier of the derivatives market equals roughly 1.4 quadrillion = $80,132,961.19 per coin
I would be quite happy with even .10 of percent of $1,400,000,000,000,000
$1,400,000,000,000/17,470,963 = $80,132.96 per bitcoin
Meh..dont mind the idle ramblin's..it helps me put things into perspective sometimes.
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