Hello Steemians I hope that you are all well.
In this video Alex discusses Metcalfe's law and the macroeconomic properties of Bitcoin that make it hard money and a store of value.
The reported inflation rates in most countries is 2-3% per year but the actual figures are much higher. Because of this and other contributing factors the average person's purchasing power goes down every year.
Due to the deflationary aspect and the exponential growth of the Bitcoin network more people are going to start parking their money in Bitcoin.
Bitcoin could well capture some of the market capitalisation of numerous other assets with inflated prices.
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@conformity
Source - Nuggets News (YT channel)
For more great video's follow me and check out @nuggetsnews
All in good time, the question is, can people hold on to it until it reaches that price? ...probably not, I would say sell orders would be set for close to $999,000 hehe
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We hope we will see this Price asap. ππΏπ
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We will see massive prices it's just a question of when.
It would be nice being a millionaire wouldn't it!?
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Yes, it would be very nice but not a dollar Millionaire, i want to be a Cryptomillionaire. π
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You got a 92.43% upvote from @oceanwhale courtesy of @conformity! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!
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You got a 48.17% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
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You got a 62.50% upvote from @brupvoter courtesy of @conformity!
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