According to @AltcoinDaily, Hal Finney’s 2009 cryptography mailing list email discussed a thought experiment where with 20 million coins each BTC could be worth about $10 million, a scenario Altcoin Daily resurfaced for context on long-term valuation narratives, source: Altcoin Daily on X (2025-10-21); Hal Finney, Cryptography Mailing List email, Jan 2009 (Nakamoto Institute archive). Finney explicitly called it an amusing thought experiment contingent on Bitcoin becoming a dominant global payment system rather than a short-term price target, source: Hal Finney, Cryptography Mailing List email, Jan 2009 (Nakamoto Institute archive). The math implies an approximately $200 trillion network value (20 million x $10 million) and aligns with the scarcity premise that Bitcoin’s supply is programmatically capped at 21 million, a key factor traders reference in long-horizon valuation frameworks, source: Hal Finney, Cryptography Mailing List email, Jan 2009 (Nakamoto Institute archive); Bitcoin.org FAQ on supply cap. Traders should treat this as a long-term valuation framework rooted in fixed supply mechanics and not as a price forecast or investment advice, source: Hal Finney, Cryptography Mailing List email, Jan 2009 (Nakamoto Institute archive).

According to @FarsideUK, Bitcoin’s intrinsic value stems from enabling peer-to-peer electronic payments without reliance on a credit relationship with a financial intermediary, countering HLInvest’s stance that Bitcoin has no intrinsic value (source: Farside Investors on X, Oct 10, 2025; Hargreaves Lansdown crypto statement on hl.co.uk). This core function is explicitly defined in the Bitcoin whitepaper as a peer-to-peer electronic cash system, providing a non-intermediated settlement mechanism that market participants can incorporate into valuation frameworks and trading theses (source: Bitcoin Whitepaper by Satoshi Nakamoto, 2008; Farside Investors on X, Oct 10, 2025). Farside’s post directs attention to HLInvest’s published crypto statement for UK clients, which frames how the asset class is presented to retail investors and is relevant context when assessing access routes and risk disclosures around BTC exposure (source: Farside Investors on X, Oct 10, 2025; Hargreaves Lansdown crypto statement on hl.co.uk).