But for that to be the case the global financial system would have already be heavily invested in btc.
For example in the GFC roughly $50 trillion global value got wiped out.
With that in mind BTC market cap must be let’s say 100 trillion, drop 50% and lose a similar amount in value.
So a 50-100x from today?!
I think at that point 50% draw downs, in a less fiat heavy world, aren’t feasible.
What do you think? Or am I missing something? Genuinely asking ☺️👌
Deleted Account
npub18e…vq0nt
2025-01-03 23:25:24 UTC
in reply to nevent1q…aw4s
Author Public Key
npub18etxca0hn8k0hgqwcgl67af5m3nfyz0k7ra8g4utwzw9ldepdx4q6vq0ntPublished at
2025-01-03 23:25:24 UTCEvent JSON
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"content": "But for that to be the case the global financial system would have already be heavily invested in btc. \nFor example in the GFC roughly $50 trillion global value got wiped out. \nWith that in mind BTC market cap must be let’s say 100 trillion, drop 50% and lose a similar amount in value. \nSo a 50-100x from today?! \nI think at that point 50% draw downs, in a less fiat heavy world, aren’t feasible. \n\nWhat do you think? Or am I missing something? Genuinely asking ☺️👌",
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