Since when has a company's stock been valued at the rational current percentage of that company? Answer:
It's not. We predict the future value of a company, and price it's stock accordingly. When new information leads us to reassess our predictions, we reassess our belief of that company's stock.
If bitcoin grows to be even 10% of global gross domestic product, it is a mathematical certainty that it will rapidly become the foundation of value for the entire human race. 🔜
When this happens, bitcoin doesn't represent some fringe form of money. Bitcoin becomes stock in humanity as a whole. 🌍
Owning bitcoin is like owning a share of humanity's future, and will be priced as such. 🌐
It won't be a realistic percentage.
It will be priced as an estimate of the future of humanity and bitcoin as the dominant ledger of our species. That's a LOT more than a paltry few trillion dollars. 😮
We're talking quadrillion dollar market caps at that point.
You will even likely see programs that allow citizens to own 'an entire bitcoin' with just a little bit of money down and regular payments.
"Like many Americans, I wanted to own a million bits, and entire coin. But it seemed impossible! Now, thanks to Coin Freedom Mutual, that dream is real. With only a small payment upfront, my family can rest secure knowing they own a stake in the blockchain. And best of all, with the new law passed, I can safely pass it down to my family for generations to come.
We spin fantasies about bitcoin one day being worth a small % of the world economy... But with mass hysteria and pleb lemming psychology, we may see something truly absurd...
Bitcoin may be worth a multiple of all money in existence. When mass hysteria hits and people talk about how this will likely be the dominant form of money for the next thousand years, and how securing a bitcoin now means your family will grow more wealthy over time with no work at all... People will beg to buy in at any price.
A four million dollar bitcoin? That's how much a million bits should be if bitcoin is priced fairly and the backbone of human finance across the globe... **but only if we are being rational.**
And are humans rational? Do we live in a rational universe? Does it make sense to type out a massive comment reply on mobile with one tiny bar of signal? 😄😠😡😧😜
NO.
Perhaps our wildest fantasies are still too tame. Perhaps in the future, the great bitcoin bubble will be the time the price of a single 'coin' rose ⤴ to a galactically ludicrous $364,000,000 per coin, and $3.64 per satoshi around 2037 and the news was abuzz with stories of '*the billion dollar bitcoin? Is it possible?*'
😄💖💙💚💛💜💥
And then a new financial crash happens... That makes even the bankpocalypse of 201X look like a cake walk.
The future is never what you expect. Hold onto your butts.
