Bitcoin Scarcity vs Value Chart from Medium post on why Bitcoin's value comes from its scarcity. ackza's instagram Feed : 2019/03/23 19:24:59

#share2steem as #bitcoin gets more scarce it becomes more valuable. It is becoming more popular at the same time that it becomes less available so it's like a double network effect.

Read this article from medium for more details on why Bitcoin could be worrh 100 trillion in marketcap

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Bitcoin will be bought up by bankers and rich people just like how there was a race to buy up rare earth minerals before they went up in price as the Chinese knew they were used in tech manufacturing. Bitcoin is similar but much larger as it's what Everyone uses not just those in tech. Bitcoin really will go to be worth millions of dollars and #eos will be worth thousands of dollars per token, pushing its marketcap into the trillions.

I love how people normally have no idea how many hundreds of trillions or quadrillion of dollars worth of totally non digital and un tangible debt and derivatives that exist out there and yet when bitcoin is estimated to becoming worth trillions, they think its too much... forgetting that most bitcoin by then will be owned by bankers and the 1% anyway... yes bitcoin works and no it doesnt change much... it makes the rich get richer and helps productive people but seriously, it only helps a small new elite class, us, are are a minority, and it's not that difficult to imagine crypto making us all insanely rich because "us" is a small minority and it doesnt take much to get us all rich! The real wealthy people will get much richer.

I wish people would accept that yes #bitcoin is going to a million dollars or at least crypto is going to #trillions in #marketcap #money #blockchain #cryptocurrency #investing #steem #steemit #litecoin #ethereum #finance #workathome #workfromhome

I repost my instagram feed to Steem with Share2Steem.io which I see as a gateway for people to bring content to steem and to bring millions of new users to steem to get paid for existing social media

^{Posted from Instagram via Share2Steem}

ackza770