Sunday, February 21, 2021

Bitcoin - The Quadrillion Dollar Asset

Bitcoin (or Ethereum) is going to be the first single asset to reach a quadrillion dollar marketcap (in $USD terms), you heard it here first.

1 billion = 1000 millions

1 trillion = 1000 billions

1 quadrillion = 1000 trillions

At 1 quadrillion dollars market cap, it will have an implied price of about $47,620,000.00 per BTC.

That said, it's nothing to be happy or to be proud of, 1 quadrillion US dollars may sound like a lot, but when bitcoin gets there, the purchasing power of the US dollar has probably dwindled so much that the rise of bitcoin is merely just a preservation of your purchasing power. I know it's sad, but it's the direction that we're heading to.

What we've learned so far is that there's nothing impossible when it comes to bitcoin, honey badger does whatever it wants. And I've only realized this after a life changing event recently.

I'm saying this from a hodler's perspective since 2016 (before the 2nd bitcoin halving).


No comments:

Post a Comment