You’re not bullish enough:
- Gold: $12T
- Fiat: $120T
- Art etc: $18T
- Stocks: $110T
- Bonds: $300T
- Real Estate: $330T
Let’s say 5% of this moves into BTC like Fidelity recommends. Using the Bull market multiple of 118:1 from BofA:
$890T x 5% x 118 = $5.2 Quadrillion
$5.2 Quadrillion / 21M BTC = $250M per BTC in today’s dollars!