The black hole of Bitcoin (BTC) dark has ingested financial energy worth $1 trillion in just 12 years. Now, as the heritage monetary system approaches the end of the event, the gravitational pull of BTC develops further. Money-related energy worth quadrillion dollars will be compacted to 21 million BTC. What will emerge on the other end of the BTC wormhole, no one knows. Numerous Bitcoiners accept this will occur, yet no one has worked the numbers out. Therefore, it is difficult to precisely say how it will unfurl, yet by running a part of the numbers people can come to understand how sensational this occasion can be. Hence, the math in the following section is genuinely astounding.
To start with, it is essential to comprehend that more than 88% of all BTC have effectively been put to use or has been bought. By making use of subsidy halving, new coins introduction being brought into flow utilizing mining is divided in half after four years. In this context, the latest supply halving happened in May 2020. The next one will happen again at some point in 2024. Having said that, those 18.6 million coins which have been made have retained $1 trillion worth of money-related energy. A considerable lot of them have either been misplaced or have gone into cold storage, which may never re-emerge. As interest for BTC dramatically builds up, the whole legacy cryptocurrency system should be absorbed into the rest of the coins which are accessible to be purchased.
As indicated by Glassnode, nearly 2.4 million BTC coins are available at present to be purchased on different exchanges. The whole worldwide BTC system should be consolidated into the remaining coins, along with the last 2.4 million BTC coins that are to be made between 2021 and 2140 AD. There is generally $2.1 quadrillion worth of financial energy that is available globally, a figure that is expanding massively. If hyperbitcoinization somehow happens at present, the present $2.1 quadrillion should be compacted into 2.4 million BTC that is left on different exchanges. It must be said that quadrillions are gigantic numbers that very few can easily understand, so we should break it down for some sincere understanding. The figures change as the value rises, however, the cost at present is $57K.
The value of the S&P as of now is worth $31.6 trillion. In Bitcoin terms, it can be said to be worth 554,385,964 Bitcoins! It is known that the complete market of fixed-income is valued at $129 trillion. In terms of Bitcoin, it is 2,263,157,000 BTC. Also, the worldwide real estate business is assessed to be valued at $380 trillion. In Bitcoin terms, it stands at 6.6 billion Bitcoin. Altogether, between S&P 500, the real estate sector, and fixed-income, they are valued at an astounding 9.354 billion Bitcoin. People know there are just 2.4 million BTC that are there to be purchased through exchanges. Stated another way, financial energy worth 9.354 billion Bitcoin should be compacted into the simple 2.4 million BTC available to be purchased.
If Apple somehow steps in at the present moment and puts only 5% of its money that is worth $9.55 billion towards BTC, it would purchase up more than 14% of supply that is there on the exchanges at the current costs. In simpler terms, it can be said that Apple would eat up the current order book of Coinbase from now till it reaches $100,000 BTC costs. This will be 18 times the value. This effect of the black hole can also speed up by the improving ārisk-freeā results which may get created due to arbitration of the result of spot/future BTC costs (which is also called cash/carry). Hence, the spreads may just increase as the cost and volatility of BTC increase.
Thus, it can be seen that compressing BTC into the remaining coins will be an incremental exercise and the costs involved in it is massive that no corporation by itself can take into singlehandedly. However, it is a real figure that has been arrived at by specialists in Bitcoin Transactions, and sooner than later, it will happen. However, looking at the Apple example, it is for sure that the game will be open once more formidable players enter the system.