> Bitcoin's value is bounded: it can't be worth much more to humanity than the sum of all global financial services (likely worth much less).
What's the difference between "all global financial services" and "the global economy"?
If every asset was publicly traded, and those stocks were all denominated in Bitcoin, wouldn't the value of Bitcoin be the entire global economy?
Or are you talking more pragmatically, where "financial services" is all assets that it's economically valuable to denominate in monetary terms, and there is some set of other assets that are kept "off the books", like an uncapitalized startup, or an employee, or something of that nature?
Like, I would consider "financial services" to be a subset of things that are denominated in the US Dollar, but Bitcoin could potentially be used for that whole set, not just the financial services segment.
What's the difference between "all global financial services" and "the global economy"?
If every asset was publicly traded, and those stocks were all denominated in Bitcoin, wouldn't the value of Bitcoin be the entire global economy?
Or are you talking more pragmatically, where "financial services" is all assets that it's economically valuable to denominate in monetary terms, and there is some set of other assets that are kept "off the books", like an uncapitalized startup, or an employee, or something of that nature?
Like, I would consider "financial services" to be a subset of things that are denominated in the US Dollar, but Bitcoin could potentially be used for that whole set, not just the financial services segment.