@KetchumAlts@redxbt You are missing a fundamental fact about price formation of btc, the "fiat multiplier". If you buy btc for one mill dollars the market cap does not increase by one mill but 25x that figure. So if all US citizens spent 1k on btc, the price per btc would be around 420 000 dollars..
OPINION: When world leaders gather in Davos next week, they'll confront an essential question, says Circle's @jerallaire: Can they realize blockchain's ability to create value for people around the world? https://t.co/7lvfs0pK9q
@APompliano To all who say, isn't the USD already digitized?: Pomp is talking about digitization on a trustless blockchain. Meaning it will be possible to pay directly to anybody anywhere without the need for a trusted middle man like a bank or Visa/MC. It will be way faster and cheaper.
@cz_binance According to Tom Lee at Fundstrat, price appreciation in Bitcoin is 25x. If you buy Bitcoin worth $1 mill. on an exchange, the market cap will increase by $25 mill. So $350 billion means an increase in market cap of nearly $9 trillion! And the price per Bitcoin? Around $280 000.-