Introducing himself in a tweet as a Stanford MBA and a graduate of the famous consulting firm Bain & Co, he provides a Bitcoin education site and email service.
Bitcoin potential worth $200 trillion – Jesse Myers
He said that Bitcoin, the best asset, also competes with valuable real estate, bonds, stocks, and gold, and calculated the Bitcoin market cap on the premise that Bitcoin accounts for a certain percentage of these assets.
Rich people, for example, are more likely to handle part of their bond portfolio than they are likely to sell a mansion or a Rembrandt painting to buy bitcoin, he said.
Accordingly, we assumed that Bitcoin could account for 50% of gold market cap, 5% of collectibles, 5% of art, 15% of stocks, 15% of real estate, 30% of bonds, and 30% of money in the current market.
Bitcoin’s market capitalization will account for $200 trillion of the total asset market capitalization of $900 trillion.
He explained that such a market cap can be embarrassingly high depending on how you look at it.
Therefore, if Bitcoin is recognized as the top asset, he added, calculate the weight that Bitcoin can occupy and evaluate its potential.
Bitcoin’s market cap, which currently accounts for 0.05% of total assets, is absurdly small, he argued.
His Twitter account nickname is Croesus. As the king of Lydia, he was the first person in the world to make a gold coin and hold a gold coin, and his name is synonymous with wealth.
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