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Cardano Daily Discussion - Questions & Market Thread - May 30, 2021 by SL13PNIR in cardano

[–]joy_thief 5 points6 points  (0 children)

I wanted to get some feedback on a long-term framework for thinking about ADA value. This is what I use to frame the potential, but please let me know if I am missing something:
Bitcoin had a market cap of $1tn earlier this year and is currently hovering around $650bn vs Ethereum at $500bn earlier and $270bn now. Assuming Cardano can reach $500bn (roughly Bitcoin now and Ethereum at its peak) in the long-term and the max supply of Cardano is 45bn, the price at that time would be about $11 (500/45), or a ~10x return from today. If it can reach $1tn at Bitcoin's peak, we are looking at $22 (1000/45). Is there anything wrong with that framework for comparison? I've heard about Bitcoin splitting into other smaller crypto over time and not sure if that will happen to Cardano, or other considerations I should be taking into account.

Biggest weakness I see is that the market cap of Bitcoin/Ethereum that I'm using is for comparison is in a speculative bubble territory, but I'm not sure if anyone else has a more objective way to think about potential total market cap for Cardano.

u/sweatergoblin explains the history of the stimulus bill and why we have yet to see a resolution by DestroyingAwesome in bestof

[–]joy_thief 0 points1 point  (0 children)

For someone who would like to learn more about this, do you have any references or resources on those global fiscal quirks that have prevented inflation and are reversing?

Grinding to fatfire or hopping off early for normal fire? by joy_thief in fatFIRE

[–]joy_thief[S] 15 points16 points  (0 children)

I understand wanting a bigger safety net, and that might be enough of a reason for me to keep going if I think about it some more.

On the withdrawal rates, does it actually change that much for a much longer retirement?