Due to the simple concept of supply/demand, I know with certainty that 1 BTC = $100M USD. I don’t know when that will happen, but it will due to the fact that BTC’s supply is capped and USD (all fiat) is not.
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Currently, the total nominal USD value of all assets is roughly 900Tn which gives a BTC value of roughly 43M per coin. So given a long enough time scale and adoption, along with inflation, it could happen but is a good way off yet.
This ia the same reason I find USD a poor unit of account. When1 bitcoin is 100M fiat bucks, how many fiat bucks will buy a loaf of bread? Nobody knows. Therefore, I prefer comparing 100M sats to ounces of gold.
Agree.
Good point.