One quadrillion US dollars as the upper limit to Bitcoin market cap

[JaanusRaim]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.
This represents the upper limit of BTC's market capitalization (expressed in the current purchasing power of the US dollar).

In this case:
the price of one Bitcoin 50 million USD
the price of one satoshi 0.50 USD
Bitcoin market cap per person 120 thousand USD
Price rise potential 625x

[Slow death]

What a strange way of thinking! People will always have different tastes, different desires, different goals, and based on that, they will put their money into different things. Bitcoin has the potential to attract many more new people every day, week, month, and year. But it won't stop everyone from buying gold, silver, real estate, or stocks. People who like gold, for example, do it almost like a religion; even if they buy Bitcoin, they won't stop buying gold. So your analysis is only on paper; it has zero probability of happening. Even if 1000 years pass, what you said won't happen, and it was a huge exaggeration to say the price of Bitcoin is $50 million per Bitcoin; that's far too absurd a value. It may never even reach $1 million.

[JaanusRaim]

What a strange way of thinking! People will always have different tastes, different desires, different goals, and based on that, they will put their money into different things. Bitcoin has the potential to attract many more new people every day, week, month, and year. But it won't stop everyone from buying gold, silver, real estate, or stocks. People who like gold, for example, do it almost like a religion; even if they buy Bitcoin, they won't stop buying gold. So your analysis is only on paper; it has zero probability of happening. Even if 1000 years pass, what you said won't happen, and it was a huge exaggeration to say the price of Bitcoin is $50 million per Bitcoin; that's far too absurd a value. It may never even reach $1 million.

I basically agree with you, the probability this scenario is very very small. It it the absolute limit. Now is fulfilled only 0.16% of it.

[stompix]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.

If everything in the world, stocks, real estate, funds, bonds are worthless....
What would you do with BTC anyhow, since it cost zero to buy all of Nvidia?
If all other things will drop to zero Bitcoin will do so also, there is nothing magical about it that can hold value while everything is going down, deflation is a curse for every single assets, nobody would be buying something when everything gets cheaper.

This whole thing is contrary to what Bitcoin is designed to do, in this case, you're just printing value out of nowhere.

[JaanusRaim]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.

If everything in the world, stocks, real estate, funds, bonds are worthless....
What would you do with BTC anyhow, since it cost zero to buy all of Nvidia?
If all other things will drop to zero Bitcoin will do so also, there is nothing magical about it that can hold value while everything is going down, deflation is a curse for every single assets, nobody would be buying something when everything gets cheaper.

This whole thing is contrary to what Bitcoin is designed to do, in this case, you're just printing value out of nowhere.

We can not be 100% sure about the real aim of Bitcoin  

Every asset has the value that we (humans) give to it. The value does not come from nowhere - it comes from us.

We give value to every asset but we are not independent in our decisions. It is possible to market (supermarket) BTC in the way that it seems to be the only valuable thing in the Earth.
Of cause, it needs tremendous resources. But this scenario is not entirely impossible. It is just a black swan.

[stompix]

We can not be 100% sure about the real aim of Bitcoin  

Bitcoin has no aim, it's a bunch of code
Stop trying to make it sound like an entiry wth will and desire.

We give value to every asset but we are not independent in our decisions.

You're contradicting yourself in two lines.
You're independent in your decision, you can buy or not buy, it's your decision. Nobody is holding a gun to your head and demanding you accept one BTC for either 6k or 100k.
The opposite stands for the actual price, you can believe from all your heart that one BTC is worth $50 million, try and sell that BTC for $50 million, see if you have any offers!

This is all a bunch of nonsense, if you really believe in this then tell me how for example, the value of my house, which is an assets, and the value of the houses of all my neighbours could go into Bitcoin? Because if we all sell and then buy Bitcoin with the money, we:
- still need a house to live so we're going to pay rent so the houses we rent have a value, lol
- the guy who bought the house has determined a value for that asset

[philipma1957]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.
This represents the upper limit of BTC's market capitalization (expressed in the current purchasing power of the US dollar).

In this case:
the price of one Bitcoin 50 million USD
the price of one satoshi 0.50 USD
Bitcoin market cap per person 120 thousand USD
Price rise potential 625x

and we fully ignore inflation.

and a lot of other shit while we are at it.

At most BTC acts like a hybrid of gold and other precious metals along with a cash moving wealth transfer medium.

It has no correlations to real estate  modern medicine food etc

since inflation can be endless lets look at gold back in the 1970's around 200 an oz

gold today around 4600 an oz or 23x

btc cap can do 23x but it needs to do

2x by 2028 so 80k needs to be 160k
2x by 2032 so 160k needs to be 320k
2x by 2036 so 320k needs to be 640k

so we need to do 8x in ten years time.

in 2016 we were under 1k so here we are at 80k. we did do well over 8x for those ten years.

to think all the assests in the world convert into btc means an impossibility for people to stay alive.

As everything other than btc has zero value ie people would be on the zero value list.

[pooya87]

If Bitcoin is an experiment aimed at consolidating the value of all assets,

Well that's a wrong "if".
Bitcoin aimed to be a "peer-to-peer digital cash". That's all.

This represents the upper limit of BTC's market capitalization (expressed in the current purchasing power of the US dollar).

Technically when you measure price of anything including bitcoin in fiat there is absolutely no "upper limit" simply because there is no upper limit for fiat supply. The more they print it, the more it will dump therefore price of everything will go up. With the current dollar strength, the bitcoin price should be a lot higher than it is already...

[Vod]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.

This sounds a lot like Elon Math.  On his first mining trip he'll grab an asteroid with more gold than our planet, making him a bazillionaire.

Your statements are a classic economic misconception based on a misunderstanding of supply, demand, and the nature of wealth. 

The Bitcoin Foundation even stated:

The only scenario where Bitcoin outperforms gold is if the collapse is localized rather than total (e.g., a single nation's hyperinflation crisis or a regional war, while the rest of the world remains online).

[EluguHcman]

If Bitcoin is an experiment aimed at consolidating the value of all assets, and if, ultimately, Bitcoin becomes the world's only valuable asset—with the value of all other assets dropping to zero—then its market cap would reach approximately one quadrillion US dollars, corresponding to the total value of all current assets.
This represents the upper limit of BTC's market capitalization (expressed in the current purchasing power of the US dollar).

You must be over exaggerating with this dimension of thoughts because it is never going to happen anytime that every other global assets will lost its values down to zero market cap.
Bitcoin is a Decentralized monetary system, so how do you think it could exist to the margin that every other potential and government backed assets will fail to exist?

Bitcoin is neither driven by macroeconomic factors which also is determined by economy growth and inflations which liquidity also has its influence on Bitcoin price.
So what happened to the US bonds and the investors?

In this case:
the price of one Bitcoin 50 million USD
the price of one satoshi 0.50 USD
Bitcoin market cap per person 120 thousand USD
Price rise potential 625x

Why don't you put more effective details of how one BTC will be $50M in the due time and is the Bitcoin market cap calculated by person investors or total invested funds?