When people ask me why I say Bitcoin will be $1 000 000 a coin in the future and I get laughed at I don’t think people understand the effects on inflation versus buying power and how unlimited supply meeting an artificially capped supply
Then adding in probable scarcity and destructive deflation through dust UTX transactions and lost coins can do. It’s two very different monetary policies meeting head to head and it’s going to see one absorb a lot of the other as the value slosh continues
Micro cap asset class
Bitcoin and crypto are slowly eating up value and finding their equilibrium as an asset class along with equities and bonds and who knows where it will end up when measured in fiat
In the past 12 months the US’s top 400 richest people made $240 Bullion in paper wealth through QE pumping up stonks which is more than the entire market cap of BTC
When we look at one company Apple, they sitting at $2 Trillion dollar market cap and they haven’t done anything innovative in 10 years
When gold it’s around 10 trillion and it has been suppressed by banks
When we look at the derivative market it’s around $100 trillion
If we have a look at those valuations then I can’t see why Bitcoin can’t be worth $1 000 000 once we see more company equity in it, more banks holding it, more institutional investors coming in and then retail investors too!
I can’t see why the upside isn’t 10 to 50x in nominal value measured in fiat! What that will mean for purchasing power I don’t know but 1 million seems so do able
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Agreed! More and more users are constantly coming into the crypto and Bitcoin space. More banks and financial institutions will be finding their way into the space as laws and regulation begin catching up and loosening the restrictions that kept them out. Things are going to change quickly and BTC has a bright future! This is the time to be in for the long haul.
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I'm with you there I am stacking as much sats as I can get my hands on without starving
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