This morning's Daily Shot:
- 3. According to Alpine Macro, if the US economy were priced in bitcoin terms, the country’s entire GDP would be worth about 500 million coins. Given bitcoin’s supply cap at 21 million, the US economy would need to deflate by 95% if BTC were used as a standard currency.
Let's run some fuckin' numbers. Hey Google what's US GDP?
Some tricky math here, but what's a million million, aka a trillion, divided by a million? If you answered "100 satoshis" you are disqualified from working for Alpine Macro.