Fun mental experiment:<p>Should the world ever value the global stock of Bitcoin similarly to gold, Bitcoin&#x27;s market capitalization would increase by around 1,300 times, from ~$6 billion to ~$7.8 trillion, and the price per Bitcoin would increase from around $460&#x2F;BTC to around $600,000&#x2F;BTC, give or take.<p>If this sounds &quot;crazy,&quot; consider that in many ways, Bitcoin is more convenient than physical gold: it&#x27;s cheaper to secure, transport, and hide; and unlike gold, it&#x27;s backup-able.<p>--<p>On a related note, here are some additional thoughts on Bitcoin I wrote four years ago, when its price was $9&#x2F;BTC:<p><a href="https:&#x2F;&#x2F;cs702.wordpress.com&#x2F;2011&#x2F;05&#x2F;29&#x2F;on-the-potential-adoption-and-price-appreciation-of-bitcoin-in-the-long-run&#x2F;" rel="nofollow">https:&#x2F;&#x2F;cs702.wordpress.com&#x2F;2011&#x2F;05&#x2F;29&#x2F;on-the-potential-adop...</a>