Birdwatch Note Rating
2023-04-23 20:26:50 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 988F8B64647256298DA6EF2BB126C7733723FEA977120AFF564DCF6A62698259
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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