Just got a text message from a friend, "110k still cheap for BTC?"
Yes.
Let me show you how cheap Bitcoin is.
There is now $1 quadrillion worth of wealth in the world, as you can see below.
But, what is less obvious is the little sign in front of those asset classes.
The infamous "$"
What if I told you... ALL of the value, across all assets, is going to be repriced with "₿"
₿ for Bitcoin.
Part of money's job is to denominate all of the value in the world - that is its function as a "unit of account."
The value of all the money is the value of all the assets in the world, because all of the money in the world can be exchanged for all of the assets in the world.
This is where it gets fun.
Bitcoin is superior money.
Money is the tool we use to transfer value across space, scales, and time. Bitcoin is the best transfer of value across space, scales, and time civilization has ever seen. This is the core of the Bitcoin thesis, and precisely why it has been the best performing asset of all-time, and will continue to be.
Being that Bitcoin is superior money, it will eventually replace the current money (it's on that journey right now). It will become the global monetary singularity.
That means... that all of the Bitcoin in the world will be worth all of the assets in the world.
If you were to use today's numbers, that means that all 21 million bitcoins will be worth all $1 quadrillion in asset value.
If you had one bitcoin, you would own 1/21 millionth of all the value in the world.
$1 quadrillion divided by 21 million would make one bitcoin worth $47,619,047.
$47.6 million.
433x more than today's $110k price.
But... that's not Bitcoin's true value, because Bitcoin's true value is not measured in inevitably-extinct dollars, it is measured by how much value it is denominating, because all of the value in the world will be denominated by all 21 million bitcoins.
What is all of the value in the world?
It's limitless.
We don't know how much value can truly be created. It's most accurate to say it is infinite.
That means 21 million bitcoins would be denominating an infinite amount of value.
If all 21 million bitcoins are worth all of the value in the world, and all of the value in the world is worth infinity, 21 million bitcoins would be worth...
Infinity.
Divide infinity by 21 million to get the value of one bitcoin...
∞/21 million = ∞
Yes, it's still cheap.