A long and winding road, for a $ 10 million bitcoin!

A long and winding road, for a $ 10 million bitcoin!
Abstract

All of us believe that the global financial system has been on the path to destabilization since the unceasing growth of indebtedness. There are five ways to solve this crisis, each of which requires us from the other four. These five solutions include the standard bitcoin, gold standard, a new basket of goods and assets, economic growth, or government debt acceptance. This article examines the first way, the standard bitcoin, for solving global debt.

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All of us believe that the global financial system has been on the path to destabilization since the unceasing growth of indebtedness. There are five ways to solve this crisis, each of which requires us from the other four. These five solutions include the standard bitcoin, gold standard, a new basket of goods and assets, economic growth, or government debt acceptance. This article examines the first way, the standard bitcoin, for solving global debt.

According to the World Financial Institute (IIF), global debt is estimated at around $ 247 trillion. At the end of 2018, the total assets in the world was $ 317 trillion. What's remarkable is that global debt has risen by 394 percent over the past twenty years from $ 50 trillion to $ 247 trillion, while global total assets have risen by only 133 percent over the same period.

To understand the extent of this catastrophe, it is essential first to consider the amount of assets available that can offset part of the debt. First we begin with two concepts of budget deficit and budget surplus. Simply put, the budget deficit is when you spend more than you have in one year, and vice versa, the budget surplus happens when you spend less than you have in one year of income. Debt occurs when the budget deficit exceeds the budget surplus. Over time, the budget deficit can increase the amount of debt, while the budget surplus will reduce debt.



Another way to reduce debt is to use assets to pay off debt, but when it comes to zero, this method will not work.

Another way is to increase revenue. The increase in revenue should be such that the surplus can settle the debt. It is also possible to reduce the amount of expenditures so that income can reduce debts.

The real problem occurs when either of these strategies or their combination is not working to reduce debt and, as a result, debt increases in any case.


 
statistics
 
We must first examine the amount of assets available in the world that can be sold or traded to reduce debt. The only major resources and large financial institutions are considered in this review. Important data is presented below, which is difficult to visualize and more difficult to assess. This information is obtained after reviewing several sources and it seems to be statistically accurate. However, these varieties can vary by 20% per source.

The world's gross domestic product is estimated at $ 80 trillion in the top 10 countries with the highest gross domestic product. The following numbers are calculated in trillions of dollars:

United States of America: 19.4, China: 12.2, Japan: 4.9, Germany: 3.7, United Kingdom: 2.6, India: 2.6, France: 2.6, Brazil: 2.1, Italy: 1.9, Canada: 1.7

According to the Credit Suisse website, the total assets of the world are estimated at $ 317 trillion.

According to Savills, $ 228 trillion is worth the total immovable property in the world.

  Residential Real Estate: $ 168.5 Trillion

  Commercial real estate: $ 32.3 trillion

  Agricultural land / forestry: $ 27.2 trillion

According to the World Organization of CIA (CIA), total global money is estimated at $ 80 trillion. All the numbers below are calculated in trillions of dollars:

China: 25 United States: 14 Japan: 8.9 European Union: 8.1 Germany: 3.2 United Kingdom: 3.1 France: 2.3 South Korea: 2.1 India: 1.8 Hong Kong: 1.8 Brazil: 1.7 Italy: 1.7 Australia: 1.6 Canada: 1.5 Taiwan: 1.4 Spain: 1.3 Switzerland: 1.3

The total stock market value in the world is about $ 73 trillion. The market saw a high value in 2007 just before the 2008 financial crisis.

The total assets of the National Wealth Fund are 7.5 trillion dollars, distributed in the most wealthy countries as follows:



China: 1.6 United Arab Emirates: 1.3 Norway: 1.1 Saudi Arabia: 0.7 Singapore: 0.6 Kuwait: 0.5 Hong Kong: 0.5 Diameter: 0.3 United States: 0.2 Australia: 0.1

According to Thinking Ahead, the total value of retirement funds in the world, and in fact the first 300 funds, is about $ 18.1 trillion. The first 20 first funds account for nearly 41.1% of the total value. Below are some of them:

The 300 largest retirement funds in the world are located in 9 countries:

United States of America: 133 United Kingdom: 25 Canada: 18 Japan: 17 Australia: 17 Switzerland: 9 Germany: 9 Denmark: 8 Sweden: 7

The 10 largest pension funds in the world are:



Government Pension Fund Investment Fund in Japan: $ 1.44 trillion

Government Pension Fund in Norway: $ 1.06 trillion

National Retirement Fund in South Korea: $ 0.58 trillion

Federal Reserve Fund in the United States: $ 0.53 trillion

National Pension Fund in the Netherlands: $ 0.49 trillion

National Social Security Institution in China: $ 0.46 trillion

California State Staff Fund: $ 0.34 trillion

Canadian Pension Fund: $ 0.28 trillion

Central Atelier Fund in Singapore: $ 0.27 trillion

PFZW Fund in the Netherlands: $ 0.24 trillion

The total value of joint venture funds in the world is estimated at about 40 trillion dollars.

United States: $ 18 trillion (45% of total value)

Europe: $ 14.4 trillion (36% of total value)

Asia-Pacific: $ 5.2 trillion (13% of total value)

Remaining: 2.4 trillion dollars (6% of total value)

The total value of ETF traded funds is $ 5 trillion.

The total value of risk-taking funds in the world is 3.1 trillion dollars.

According to the World Gold Association, total gold reserves in the world are worth about $ 7.5 trillion. This means that there are 187,200 tons of gold in the world, and only a small percentage of it is in the hands of countries. The 20 largest gold holders are: (gold reserves are based on metric tons)



United States of America: 8.1 Germany: 3.3 International Monetary Fund: 2.8 Italy: 2.5 France: 2.4 Russia: 2.1 China: 1.8 Switzerland: 1 Japan: 0.7 Netherlands: 0 .6

 
observations
 
These numbers may not be very accurate, but they are enough for our discussion. If you find a more reliable source, we will be happy to share it. Many of the asset groups listed above include other groups. For example, retirement funds include stocks, property bonds, and so on. Common investment funds include stocks, bonds, money, currencies and even real estate.

National wealth funds are often commodity-based, but include stocks, bonds, currencies and real estate. As mentioned earlier, 20% of errors in estimates should be considered. Nevertheless, these numbers and classifications give us a good perspective and portrays a picture of the incredible imbalance of growing debt that reduces global wealth. These numbers also show an increasing disparity in the distribution of wealth in different countries and clans.



We have come to the conclusion that current approaches are no longer feasible and we need to think about solving the global debt problem.

 
Bitcoin is a solution to global debt
 
If the price of each bit of quin to reach $ 10 million, then it will be able to accept the international community as a stable currency and replace it with national currencies. In that case, Bitcoin behaved as a value saver that is immune to inflation and stagnation. In fact, the concept of value-saving will actually be reached.

Is this possible? Probably not. We believe this is possible and has many benefits for individuals, organizations, institutions and governments with the least side damage. Most importantly, it is a permanent solution to the problem of debt, and this is a feature that does not have four other solutions.

This article is titled "A Long and Bumpy Way to a $ 10 Million Bitcoin" and we intend to visualize this path.



Bitcoin and the digital currency domain are generally inadequate. However, this one-thousandth journey begins with our steps.
The first step was taken by Satoshi Nakamoto in Bitcoin, White Piper. The second step was taken by people who believed in the principles of this concept.

Subsequent steps were taken by introducing projects that were inherently focused and claimed to improve Bitcoin, but eventually vanished. To date, Bitcoin is the only project that is truly decentralized in nature and is prominent in terms of the limited supply and number of early coins. Bitcoin does not have any legal structure, including trademark, trademark, CEO, board of directors, board of trustees, executive committees, budgets, or a single entity that is able to change the rules or increase the number of primary coins.

Bitcoin is open source and available to everyone, and as long as we can buy it from one another, it will not be lost, and this great power will show it. Bitcoin lets everyone freely steal this incredible innovation, just as 4,000 projects around the world do the same. All of these projects crippled only the entire ecosystem and could not do the bitcoin work, and in the future they could not.

Bitcoin is unique, but regrettably, people, investors, institutions, legislators, and senior officials do not understand this. The Securities and Exchange Commission also has little progress in understanding the issue that should be distinguished between this currency and other digital currencies.



it is too late…

The digital currency ecosystem has been damaged and the promises and great prospects that once existed have diminished. As the market responded to this turmoil by reducing the volume and price of all digital currencies, we believe that in the future, Bitcoin's unity will be recognized and accepted, but the time has not yet come to an end. The next big step in this way is the absolute destruction of all altoquins and ICOs and the understanding of bitcoin features. This process has already begun, but it is ultimately legislators who will decide on the rules. We believe that this will happen sooner or later. Maybe this year, the next year, or two years later, and for us this is clear. In this direction, bitcoin continues to decline, but at a slower rate than its rivals.

What is not clear is what steps should be taken. In the remainder of this article, we will examine the path that bitcoin has to play to play its role in future macroeconomics.

 
way ahead
 
Bitcoin is a market-oriented asset and, in fact, the market's most versatile asset in history. Price fluctuations are a function of the supply and demand economy. The supply is limited, so only the variable in this price equation is the amount of demand. When demand increases, prices rise and vice versa.

Why did Bitcoin prices hit $ 20,000 over the next seven years? Increased demand
Why did Bitcoin prices drop from $ 20,000 to $ 3,200? Demand reduction

This principle is an integral part of the market. The devastating confusion of individuals in this area is due to rivals, projects, digital currencies, ICOs and lack of transparency in the legislative debate.



Every day it gets low. Market prices will continue to decline as long as this situation changes and everything becomes transparent again. Let's bet Bitcoin will remain, and most rival projects will be lost. So a little bit of ambiguity and lack of clarity is resolved.

Beatcoin's admission has risen rapidly, and more people will come to digital currencies as they move away from revealing the truth. Bitcoin price as a market-based asset is rising by the decision of anyone who buys it with a Fiat currency. All wealthy countries that we've been reporting earlier will begin to buy bitcoin. This happens immediately after the downfall of the market.

In this section, we will try to identify the handicaps and obstacles we face on this road, and explore the resources that can be effective in removing these obstacles.

How will this road be?

When the bitcoin price reaches its lowest value, which we assume is less than $ 1,000, it will rise to $ 6,000 over the next period. Just at this time, the jumps are small to the limit of $ 7,500 and $ 8,500. The next big bump will take place at $ 10,100 and $ 11,100. After that, the resistance is broken up quickly, but the next resistance will be $ 13,750 and $ 17,500, which ultimately will overcome the market. The final barrier is at a high price of $ 19,666.



At this time, the controversy in the media has come up and talk of prices everywhere. Now the road is paved and the steps are taken more quickly. Capitalists are entering the game, risky boxes, family offices and personal investors, and all those who have lost the three bullish markets are entering the market very quickly.

The Bitcoin market dominates the world of cryptos and accelerates its destruction by more than 90 percent, causing other altoquins to decay. Gradually, investors will become doubtful. The temporary and important next obstacle in Bitcoin will be $ 500,000 or $ 100,000.

Hedging the market will increase its capital and people who have fallen behind this market will inevitably enter the game. Stop at $ 100,000 at Bitcoin; at that price, the bitcoin market will reach $ 1.7 trillion. But where does this money come from? The money actually comes from the stock market worth $ 73 trillion and risk insurance funds valued at $ 3.1 trillion.

Gold assets worth $ 7.5 trillion represent potential potential for bitcoin. We believe that the only main obstacle to the rise in price of bitcoin is that it leads to the devaluation of gold reserves. If the Bitcoin price reaches $ 100,000, it will be a tough rival for gold as a means of saving value.

We believe that gold investors will not oppose this change. People take their assets from gold to bitcoin. This change initially has a slow pace and then rises. If gold investors are opposed to selling gold and buying bitcoin, it will cost $ 400,000 to be equal to gold stocks. If our forecast is right and people are selling gold for buy bitcoin, this balance will happen at a lower price.



If we all want to keep Beatcoin at $ 400,000, then who will demand this?

The road is narrower after this stage, and there are more grips with more maze going on. The pace of market growth at this stage is a difficult one.

Three important events will have to come from now on to reach $ 1 million, first of all, that Bitcoin nuclear developers should fulfill their promise of speed, transparency and cost of charges. So far, some of these promises have been made. We believe that developers around the world abandon Altoquin projects and will come back to Bitcoin. People need to believe in Bitcoin's power.

Institutions must accept Bitcoin in action and not only in language. Integrity plays an important role in accepting organizations. Bitcoin will at the time become a giant of technology in organizations, and will move forward in the enormous predictions, innovations and reliability of the financial systems we are relying on today. At that time, there would be 26 million accountants, 27 million investors, and about $ 7 trillion of assets under management (AUM). The fulfillment of the promises made by Bitcoin once attracted people's interest towards that day.



The third thing is that lawmakers must specify the distinction between Bitcoin and other digital currencies, not only in the United States, but from around the world.

After these three important events, the road has paved the way to Bitcoin for $ 1 million and the next obstacle is just $ 1 million, which is both a psychological and a financially significant obstacle. When the bitcoin price reaches $ 1 million, its market value will be $ 18 trillion and will be in the category of major assets.

Bitcoin, as the fastest growing asset class in history, will no longer be ignored by retirement funds, custody funds, corporate finance managers, charities, or even government. This flow of fuel will provide us with a high-speed trip to the $ 10 million bitcoin.



This journey is difficult but possible. But why the end of this road reaches $ 10 million?

Because at this level, Bitcoin will find enough reserves to reduce global debt and its market value will be between $ 180 and $ 210 trillion. Assuming that global debt reaches $ 500 trillion by then, Bitcoin can pay 40% of it, considering that it has grown 394% over the past 20 years.

What will be a standard bitcoin?

Saifedean Ammous's "The Standard Bitcoin" illustrates the precise framework of the bitcoin reserves in the Fiat Governments' currencies. The subtitle's title is "decentralized substitution for banking", which explains the author's main goal of writing this book.

You might ask yourself who will own the bitcoin at the end? If we take Bitcoin $ 10 Million, the answer is central banks, the banking system, big institutions, and national currency reserves!

wait a second. How did they become the owner of Bitcoin and took them away from you? Why did you sell your bitcoins? What was the price you needed to satisfy your wishes?



Each of us has different motives for selling our assets, and each of the sources of wealth has its own goals. The purpose of the central banks is to save this system and maintain its strength. In fact, they do not have five solutions to save the current system, and Bitcoin is the best way.

Do you think that Bitcoin is among the five available solutions? This is a mistake and you really have to ask:

Is there another choice?

Does economic imbalance lead to a fundamental solution? What will be the likely solution?


Source: medium

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