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Re: Demolition Man post# 55503

Thursday, 03/21/2024 12:43:34 PM

Thursday, March 21, 2024 12:43:34 PM

Post# of 57681
The BEST argument that I've ever heard for Bitcoin is..........that IF it were to become just one percent of all global financial assets (stocks / bonds . real estate, etc.), it's value per coin would be about a half million dollars !........(altho I can not recall PRECISELY the exact figures cited - & wish I had saved the iKitco interview link).....

Because the guy went on to extarpolate saying - that if it were to become more like FIVE percent (again, of all global financial assets)......the price per coin would be like 2.5 million


He was saying this when it was around 30,000





But, THAT'S "the best "argument"" for Bitcoin that I'VE ever heard...........Just wish that I could hear it repeated.




Because becoming 1 or 2 percent of all global financial assers, DOES SEEM like a "plausible" and "do-able" thing.




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