US M2 (physical Federal Reserve Notes plus digital dollar credit like checking deposits) is around 20 trillion USD US stock market capitalization is around 55 trillion USD plus all the private businesses, private homes/cars/effects, plus all the public infrastructure, plus all the foreign assets in countries where dollars are widely accepted USD is not worth anything like the market value of all assets offered for sale in dollars so if "all the stuff in the world" is worth however many trillion or quadrillion USD and somehow Bitcoin takes over as the world money, it doesn't follow that Bitcoin will have a value equal to that many trillion or quadrillion

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I think I’m getting there… but not quite… so Bitcoin market cap would be 21 million, and every other asset could be priced in BTC but the total value or all assets would be greater than 21 million BTC. So if everyone sold all other assets their price would crash and the total BTC would still be 21 million? What if everyone spent all their BTC for stocks, the stock value would go up in proportion to the loss of value per BTC? This is so tricky.