It’s $900T not $454T. 50% is the most logical answer, half of every tx is money, half is not money. Personally, I think higher than 50% because of all the margin leverage (debt). Don’t forget to add in a multiplier effect to the price (really purchasing power), e.g. 50% means 2x, 66% means 3x, and so on.

Disregard people who gotcha with printer go brr and global wealth increasing 🥴. I get them every time. The only metric that matters is % of total wealth. https://image.nostr.build/1f6e64bf6aff83c577ef3ee630abd79586ec469ea77897415ec2a2d6cf7f2cc7.jpg