Thread by @APompliano

1/ Tokenized securities are more disruptive on a global basis than Bitcoin itself.

Time for a thread on why. 👇🏽 👇🏽

2/ Bitcoin is an amazing innovation with global potential - I'm incredibly bullish. If it disrupts all money in the world, it would displace a $90 Trillion market. This includes all coins, banknotes, money market accounts, & savings, checking, and time deposit accounts globally.

3/ Bitcoin isn't just money though. It can also be used as a store of value (Gold or Silver). Gold is ~$10 trillion globally and Silver is ~$17 Billion.

For this argument, lets say Bitcoin replaces all money, gold and silver combined & becomes $100 Trillion network globally.

4/ If all 21 Million Bitcoin were still in existence and the network reached $100 Trillion in network value, each Bitcoin would be worth more than $4.7 Million.

1 BTC = $4.7M would be an almost 750X from today's $6,500 BTC price.

5/ These Bitcoin prices sound very large. It almost feels like they are unrealistic and something out of a video game.

The global numbers of Bitcoin disruption pale in comparison to the global disruption of tokenized securities though.

6/ If Bitcoin is programmable money, tokenized securities are programmable ownership.

7/ Tokenized securities are poised to disrupt ownership in all public equities, private equities, real estate and debt.

Lets look at those numbers globally.

8/ All stock markets (public equities) globally are valued at ~$75 Trillion.
All global debt is valued at ~$215 Trillion.
All global real estate is valued at ~$215 Trillion.
All global derivates are valued at ~$550 Trillion.
These numbers doesn't include private market equities.

9/ Obviously the size of "asset ownership" is much, much larger than the global money supply. This analysis puts a few things into perspective:

10/ If Bitcoin reached its full potential, it would still only be worth:

~50% of the global real estate market
~50% of the global debt market
~20% of the global derivates market

11/ Just because there are asset classes that are larger than Bitcoin (if it is the dominant value of exchange AND store of value), that doesn't mean Bitcoin isn't important.

Bitcoin is still one of the greatest developments of our lifetime.

12/ While Bitcoin is disruptive, tokenized securities are a much larger opportunity.

The "killer app" of blockchain technology is capital formation.

13/13 Blockchain technology is allowing us to literally #TokenizeTheWorld.

It will create the greatest wealth shift of our lifetime. Don't get caught flat-footed 👊🏽

Much of the data in this thread came from here: money.visualcapitalist.com/worlds-money-m…