After pulling off my socks and doing some simple maths...I have concluded..ya..hes bat shit crazy..but...its not out of the realm of possibility.
Broad money = $80,000,000,000,000 give or take a few trillion.
Bitcoin supply = 16,782,692
So all we have to do is figure out some percentages.
Bitcoin takes over the world! $80,000,000,000,000/BTC16,782,682
100%=$4,766,818.55736
50%=$2383409.27868
25%=$1191704.63934 < Mcaffee expects 25% market penetration within a year...ummm...ya.
12.5%=$595852.31967
6.25%-$297926.159835
3.125%=$148963.0799175
1.5625%=$74481.53995875
0.78125%=$37240.769979375
0.390625%=$18620.3849896875 < We are around here. Not even .4%
0.1953125%=$9310.19249484375
0.09765625%=$4655.096247421875
0.048828125%=$2327.548123710938
0.0244140625%=$1163.774061855469
0.01220703125%=$581.8870309277344
0.006103515625%=$290.9435154638672
0.0030517578125%=$145.4717577319336
0.00152587890625%=$72.7358788659668
0.000762939453125%=$36.3679394329834
0.0003814697265625%=$18.1839697164917
1.9073486328125e-4%=$9.09198485824585
9.5367431640625e-5%=$4.545992429122925
4.76837158203125e-5%=$2.272996214561462
What I find of interest is how some of these percentage points closely match some of out ATH's. Food for thought.
Actually these figures are quite scary enough and I'm not sure that all the forecasts concerning the rapid growth of the price of bitcoin in the future have a rational explanation. How do I want to reinsure myself and better exchange Bitcoin for the etherium. I think that this is the best way out of this situation. It seems to me that Bitcoin is in great danger.