Wall Street Jounal interview with Spencer Ante and Simon Constable discussing bitcoin.
Note: bitcoin is capped at 21 million bitcoins 21 trillion Satoshies. There are approx 6-7 trillion in total global currencies today, There is plenty of room for the world to adopt Satoshies as an alternative to traditional money.
If all bitcoins were in existence today and a bitcoin is worth $1000.00 then the market cap would be $21 Billion. When it goes to 10,000.00 per bitcoin value the market cap would be $210 Billion (less than the market cap of existing publicly traded companies). If you go up to $100,000.00 per bitcoin you would be at the market cap level of gold, around $2.1 Trillion worldwide. If you go to $1m per bitcoin you would be at level of U.S. GDP and if you go up to $3m per bitcoin you’d be at world GDP.
Everything Gold does as a monetary value… Bitcoin does better!