Birdwatch Note Rating
2023-04-23 14:42:11 UTC - NOT_HELPFUL
Rated by Participant: DC0A9C224279B428000F7FAACC73546675CEA9B790FFE9ACEF36D775845A05F4
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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