Just finished Dr. Kim's lecture, and I have a quick question about a concept that he discusses. I was hoping for clarification about a concept. So at end of his lecture he brings up this slide (hopefully this formats right) .
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Here is the link with the timestamp: https://youtu.be/wq6w03E2DS4?t=3675
And this is discussing an investor who wishes to buy 1/1000000th of one of these scarce assets. I understand the concept of 1/1000000th of the supply in 2120 to hedge against inflation. I got that. My question is where is the valuation of that 1/1000000th in the year 2120 coming from?
Thanks in advance