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Bitcoin now a $1 trillion dollar asset
I used to say this under $3000 but actually it's still relevant 20x later.. you're incredibly early in , congratulations. Make sure you protect your childrens future, and that's not altcoins. Lambos were for 2017, this is very real now. We have arrived at the end game.
"I just don't spend much time thinking about cryptocurrencies," says Citadel CEO Ken Griffin on . "I don't know how to think about what is effectively a digital token."
Time to reach $1 trillion market cap: Bitcoin: 12 years Google: 21 years Amazon: 24 years Apple: 42 years Microsoft: 44 years
To put things into perspective, US population used to grow at maybe 1.5% per year, and now grows at more like 0.5% per year. That's pretty important. Meanwhile, broad money supply is up 25% year over year, and is on track to be up 75%+ over a rolling 5-year period in the future.
In addition, a lot of inflation/deflation economics don't focus on the long-term commodity capex cycle. Periods of commodity oversupply can keep inflation low, and people then extrapolate linearly. Lengthy periods of underdevelopment then lead to commodity shortages...
Back in November when it was $290 billion, I laid out the case for a $1 trillion bitcoin market cap, but admittedly I wouldn't have guessed for it to touch that level as early as February.🤨 youtu.be/RaZMLZS1tog
I've been working on stacking.club with over the last few weeks. Stacking is defi on BTC, through . Miners have already paid +$1mm to Stackers. This is the most up-to-date and detailed expression of the state of Stacking you can find. Hope u like it :~)