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Joe Burnett, MSBA @IIICapital · 02 Sep 2026

Global broad money supply has surpassed $150 trillion. At 21 million BTC, parity with today’s fiat money supply would imply ~$7M BTC. But I think even that comparison may undersell Bitcoin. Fiat money is like the newspaper. It’s abundant, permissioned, slow, and endlessly
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