Is world GDP the real limit to Bitcoin and Crypto

[1bitcoinsnet]

Any opinions on how the Global GDP will limit  Bitcoin and Crypto in general?

With crypto market caps now approaching 1 Trillion at 600 Bil

And with BTC being 250Bil of it

Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?

BTC goes to 50k

MC is almost 1 trillion

How big is that?

The USA GDP is only 26 tril year

So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.

If BTC hits 50k it's 3% of USA GDP

If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP

I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC

Due to global GDP

Then he stated if it gets tied into derivatives it could go to 5mil a coin

Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?

[knircky]

Any opinions on how the Global GDP will limit  Bitcoin and Crypto in general?

With crypto market caps now approaching 1 Trillion at 600 Bil

And with BTC being 250Bil of it

Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?

BTC goes to 50k

MC is almost 1 trillion

How big is that?

The USA GDP is only 26 tril year

So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.

If BTC hits 50k it's 3% of USA GDP

If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP

I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC

Due to global GDP

Then he stated if it gets tied into derivatives it could go to 5mil a coin

Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?

 I think you are asking the right question.

However gdp alone i think is to small. There is more money and wealth in the world than world gdp.

I think it would be better to think about how much money is in the world and how much of can bitcoin capture.

[fenican]

No it can actually go much higher - if everyone was a buyer, and nobody was a seller the price can theoretically go to infinity. We see some of that with the current rise because early adopters by and large aren't cashing out so the coins that are being traded around are perhaps only 10% of the float.

What can't happen, obviously, is everyone cashing out to fiat since the supply of fiat would be inadequate. We're almost there already. But as an independent ecosystem where holders rarely, if ever, trust or exchange for fiat the valuation relative to fiat can get outright insane. See markets like rare art for an example - you have single pieces that are worth half a billion dollars.

[1bitcoinsnet]

Reality is WGDP

It's not even 100 Trillion

5 Million BTC makes market cap of BTC equal to the WGDP that will not happen and can't

Right now at 15K btc range BTC is a major piece of WGDP a nice fraction of 1%

250 Billion Market Cap.

So 33% of 1% of WGP is where we are and at 250 Bil BTC is now equal to 1% of the GDP of the USA

How many really believed that could ever happen when everyone was clapping BTC hit 10 Billion Market Cap

So in the big picture, where there is no such thing as infinity when it equates to value of stuff, I do believe WGDP is gonna be a reason crypto will run so far.

600 Billion is now the market cap of crypto when you lump all the coins in a basket.

The majority of that is BTC.

I think we will see a tripling soon of all crypto market cap, and of course btc will have a major piece of it.

Only question is, does it hit next week or early next year.

I also think we will see days like bloody friday over and over