As a follow up to my initial post, I'd like to provide clarification on a few things.
- Total World's Wealth ($) / # of bitcoin in circulation = Final USD Price of Bitcoin
- When Bitcoin achieves the Final USD price in point #1, the entire world will be valued equally by both the USD & BTC paradigms.
- This has to happen in order to move to a bitcoin standard.
- This is likely to be a moment/instant in time.
- We will likely only know this after the fact.
- When this point is achieved, any additional dollars printed afterwards only make USD worth less and will not make BTC increase in value any more. After all 21M = 21M :)
- This has to happen in order to move to a bitcoin standard.
- No matter how high the USD value is for point # 1, it is an achievable number which we will see in our lifetimes. How?
- More people DCA into cold storage.
- Wall St shows up and creates the spot ETFs.
- When the spot ETF's are required to purchase bitcoins to 'back' the fund, available btc supply will be very low due to reduced block rewards + increase in DCA and cold storage.
- The Final USD Value for Bitcoin will also be the First Satoshi Value for Earth:)
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