I wonder what the model’s assumptions are, particularly how central banks afford 2% reserves, and why wouldn’t it get to $3m much faster if private actors front run them. 

 This is also saylor’s bear case from his Bitcoin 2024 talk

https://pbs.twimg.com/media/GTfi5kWWgAAYM07.jpg

https://youtu.be/O9KnBcWMkpw