Bitcoin = “The Next Facebook”

Applying VC Hyper-Growth Models to Understand HyperBitcoinization

This is not financial advice. Always conduct your own due diligence. Invest only what you can afford to lose. Contact your financial advisor before making investment decisions.

PAST:

• Facebook Seed round: $4.9 million post-money (Peter Thiel)
• Facebook IPO: $81.2 billion market cap (link)
• Seed investment return = 16,571x (at IPO valuation)

PRESENT & FUTURE:

• Bitcoin Price April 2020: $7,034 per BTC (@ time of writing)
• “Hyperbitcoinization” Price: $100,000,000 per BTC
• Bitcoin investment return: 14,216x (hypothetical)

NOTE: If/when this happens, the dollar is no longer the unit of account, but Satoshis or “sats” will be. Each Bitcoin is divisible into 100 million sats.

Yesterday, I saw this Tweet from David Nage. It reminded me of the Bloomberg article from December which noted that Bitcoin’s ~9,000,000% rise made it the best performing asset of the decade.