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by ArtTimeInvestor
137 days ago
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In the limit, that would mean that Bitcoin's volatility reflects only the savings rate of people. That would mean that Bitcoin is pure monetary value. In that case, it would suck out all the monetary premium from other assets like real estate, equities and gold. The monetary premium in those is probably a few hundred trillion. So by that time, Bitcoin's price should be 2 orders of magnitude higher than today. |
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