Question based on this cointelegraph article: https://cointelegraph.com/news/want-to-be-rich-bitcoin-s-limited-supply-cap-means-you-only-need-0-01-btc
11 sats \ 1 reply \ @grayruby 4 Jan 2023
It's a potential outcome. I wouldn't assign a high probability to it anytime soon. Depends how quickly fiat devolves.
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0 sats \ 0 replies \ @bitbank OP 4 Jan 2023
In a few years we will know.
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11 sats \ 1 reply \ @ama 4 Jan 2023
Imaging how rich companies like Microstrategy or countries like El Salvador or CAR will be should they manage to hold the Bincoin they're buying and how much more valuable your million satoshi (0.01 BTC) will be because of those large accumulations.
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0 sats \ 0 replies \ @bitbank OP 4 Jan 2023
Those companies or countries will be the true winners because they are pioneers.
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1 sat \ 0 replies \ @cyberhub 4 Jan 2023
Well, assuming the hyperinflationary case, which seems likely, yes 1 btc could be worth trillions of dollars, and then infinite (impossible to buy btc for usd).
But I think you probably mean "in today's dollars." That put's btc at $100M. Assuming btc reserve currency status with 18M unlost btc, that calculates to a global wealth of $1.8 quadrillion. Seems too high. I think global wealth estimates around $500 trillion are more realistic. Which puts btc around $25M?
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1 sat \ 1 reply \ @ln123 4 Jan 2023
Article assumes that 0.01 bitcoin would be distributed equally among all millionaires and everyone worth $100k +
In reality, HODLrs gonna HODL and there will be FAR less BTC available
That's before considering fiat hyperinflation
So yeah, not a fantasy but DYOR
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1 sat \ 0 replies \ @bitbank OP 4 Jan 2023
Bitcoin is absolute scarcity and I can only imagine when the supply of Sats is insufficient compared to the existing demand.
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