Bitcoin: beyond da moon | FT Alphaville

The state of this, from “Bitcoin Quant Investor” “Plan₿” on Twitter:

We mean, there’s the optimistic holler of “to da moon”, and then there’s a chart showing that bitcoin may reach $1tn per coin, if the dollar follows the path of the Mark during Weimar Republic hyperinflation.

With 18,005,100 bitcoins out there in the wild, that would make bitcoin’s market cap several times larger than…<checks notes>…the global economy.

But, hey, look on the bright side: we knew bitcoiners were getting desperate, and now we know how desperate.

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