Let's do the math and use a very simple language.
Currently we have only $1.6 trillion invested in Bitcoin (market cap) and around $1 trillion in all the other crypto coins combined. Considering that we have at least $150 trillion in the world, Bitcoin managed to "control" only about 1% of the world's finances. Why so little? Because it failed to become an everyday payment currency, mainly because the low availability (it's not easy for most people to get it and hold it) and low transaction speed (10m minimum). So it basically became a means of preserving and increasing wealth, like gold bars. Only a small fraction of the world's population actually need it and hold it. The other crypto coins fail to become an everyday payment means for the same reason. Even though some of them do have fast transaction speeds, their availability for most people is low. You need to be a kind of a tech geek for that. Pi network has solved those issues:
It can be easily mined on a smartphone and stored in an online wallet. Everything is simple. Almost everybody has a smartphone now.
It spreads fast because of the referral system. People are interested to tell their friends about it because this makes the mining speed faster.
The transaction speed is very fast (SCP - Stellar Consensus Protocol)
So, the question is whether Pi can capture a truly large portion of the world's financial mass? Like 7%? If it does, it's market cap will be $10 trillion.
But why is Bitcoin so expensive? Because there's so little of it in the world. The maximum amount that will ever exist is 21 million (total cap). The maximum amount of Pi that will ever exist is 100 billion.
How do we calculate the price of an asset: the market cap divided by the total amount of the asset (cap). For example, we have $1.6 trillion invested in bitcoin, so we divide it by the circulating cap, which is 19 million coins (it's already close to bitcoin's total cap of 21 million so no big difference), and we get $84,000, which is around its current price (we rounded the numbers)
So if Pi's market cap can become $10 trillion we need to divide it by Pi's total cap of 100 billion coins. We get $100 per coin. If this sounds realistic in 10-20 years from now, mining Pi on your phone might become the best free investment that you'll ever make. You can still mine 2.5 coins per month without inviting anyone. But if you manage to invite 50 friends this becomes 56 coins per month and if you install a node it can reach a 100 coins. $10,000 per month for you future! Sounds good enough?
