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If you think about it - Bitcoin is just a "company."
It's got a "share price" and "shares outstanding" (famously capped at 21M by year ~2140). And you know, we can calculate a market cap from that, approximately 1.2T right now, give or take.
You know what's interesting, if you really think about it, when Bitcoin rewards a miner, you can almost think about it as if "Bitcoin the Company" actually had long term debt that it's currently paying off. And uh, you know, I hypothesize this allows us to examine Bitcoin's capital structure just slightly. It's a company with zero cash.
>lol poorfags
Let's say, Bitcoin has a current debt of it's "shares" it has yet to issue times the current share price, this is something in the realm of a ~$78,052,218,319,000,000 liability that "Bitcoin the Company" will continue paying out for roughly the next 116 years.
So inflation is a thing, Bitcoin isn't really paying out 78Q(uadrillion), pretty sad! Let's apply a discount factor, say 3% inflation over that 116 years. America strong FED wise - we hope. So Bitcoin now owes a debt really in the 2.5Q range.
So we can kinda calculate the Enterprise Value of "Bitcoin the Company" now. EV = MCap - Cash + Debt = 2.5Q, cause a measly 1.2T really ain't shit compared to that lol. Ah, so, for the market cap of Bitcoin to reach that EV, the final price of Bitcoin would probably end up somewhere at...
$128,200,000.
You know anons, this might be a good buy for your great-great-grandkids.