Chapter
The Future of Bitcoin's Market Cap
2:06:37 - 2:11:59 (05:22)
The potential for Bitcoin's market cap to reach $20 trillion and the possibility of it hitting a million dollars, even if it doesn't capture the full 10X or 100X improvement from a technology standpoint, is discussed.
Clips
Demand for Bitcoin as a finite supply asset increases, leading to a rise in its value during market competition.
2:06:37 - 2:08:36 (01:59)
Summary
Demand for Bitcoin as a finite supply asset increases, leading to a rise in its value during market competition. The value lies in how its price is viewed against other assets like stocks and gold, causing a re-pricing of Bitcoin's worth in the world.
ChapterThe Future of Bitcoin's Market Cap
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
The acquisition price is not the only thing that matters when making long-term decisions about investing in Bitcoin.
2:08:36 - 2:09:50 (01:14)
Summary
The acquisition price is not the only thing that matters when making long-term decisions about investing in Bitcoin. Humans tend to be bad at short-term decision making, but an algorithmic approach could prove successful in predicting Bitcoin's growth potential.
ChapterThe Future of Bitcoin's Market Cap
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
Bitcoin doesn't need to capture the full 10x or 100x improvement from a market cap standpoint to increase its value.
2:09:50 - 2:11:59 (02:09)
Summary
Bitcoin doesn't need to capture the full 10x or 100x improvement from a market cap standpoint to increase its value. If Bitcoin captured just a 2x improvement, the value would be $20 trillion and result in Bitcoin being worth about a million dollars.