Famed British cypherpunk Adam Back has opined that Bitcoin's market cap should be around $200 trillion.
The prediction is, of course, seemingly unrealistic given that the S&P 500, which represents the 500 largest US companies combined, is worth $40 trillion. It accounts for around 40% of the global stock market.
Gold, the main safe-haven asset, has a market cap of roughly $13 trillion.
The current global GDP of all countries combined stands at roughly $105 trillion.
The total value of global real estate stands at close to $300 trillion.
Back, who was cited in Satoshi's legendary white paper, is convinced that "more money printing" could eventually push Bitcoin to such pie-in-the-sky milestones.
This essentially echoes the prediction of famed venture capitalist Tim Draper, who believes that Bitcoin will surge to infinity against the U.S. dollar in case of devaluation.
A long-time permabull
Back has clarified that he has always been a Bitcoin permabull since 2013, the year he purchased the leading cryptocurrency for the first time.
The prominent cryptographer initially learned about Satoshi's "e-cash" when he received an email from the Bitcoin co-founder in August 2008.
Despite the fact that Back was among the first people to hear about Bitcoin, the cypherpunk did not act on it for years.
Dan Burgin
Vladislav Sopov
