Thread by @hfangca

What does 5% wealth allocation mean for #bitcoin?

2/ If we take a static and US-centric view, estimated US household wealth was about $98 trillion in 2018. 5% of that would be about $5 trillion.

3/ Divide $5 trillion by 21 million #bitcoin supply, we get a BTC price of ~$240k, 18x current price

4/ Credit Suisse private wealth report said global private wealth in 2018 was about $360 trillion. 5% of that allocated into #bitcoin - you can do the math 🤓

That’s 20-65x upside to current #Bitcoin price - Extreme downside is losing this 5% of your portfolio.

To #B or not to #B? Feels like a no-brainer to me. 🤓