Birdwatch Note Rating
2023-04-23 14:41:42 UTC - HELPFUL
Rated by Participant: 648BE6EE6413CB1DE7ED8A8A5637E417455500360B820CE820E3A4FD4EC19130
Participant Details
Original Note:
Important context: BTC reaching $1M would require a market cap of at least $21T, nearly twice that of gold (est $11.5T), and just under half that of the entire global available money supply (est $48.9T). Bitcoin's current market cap is estimated around $535B. https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2022/ https://coinmarketcap.com/currencies/bitcoin/
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