2 things about your price target: (1) in this hypothetical future, what is the actual purchase power of $1??? A $1 million price for bitcoin sounds high, but you're also describing a future where Bitcoin is essentially matching the market cap of the US dollar. What happened to the purchasing power of the USD? When you give a future price target in terms of an asset that you also project to fall to 0, you give no real idea of the purchasing power you're predicting. (2) You're assuming a pretty insane level of bitcoin dominance, right? If you want to talk about things in terms of today's dollar, your bitcoin price target puts it at 20-25% of the world's money. How is the remaining 75% distributed? Mostly alts, or mostly fiat?
RE: BITCOIN is heading to +$1,000,000 until someone can tell me how the hell on earth do Banks & Governments intend to fund +$750 Trillion of Global Unfunded Futures Liabilities..!!
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BITCOIN is heading to +$1,000,000 until someone can tell me how the hell on earth do Banks & Governments intend to fund +$750 Trillion of Global Unfunded Futures Liabilities..!!
Overall a good alert about the levels of debt the dollar suffers from. I'm just curious about getting a more complete picture of the future you're seeing.
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