0 sats \ 1 reply \ @Storyteller 26 Jul 2023 \ parent \ on: What is the WORST case scenario for Bitcoin? bitcoin
This is an opportunity. When less then 1% of the world - eg 8 million people and 88-100 M accounts has a precious asset like bitcoin I see opportunity.
Why? It means that 99% of the world is still sleeping. They don’t know what is happening with fiat money.
You and I know, otherwise you would not be stacking sats.
I believe that, when, not if, they wake up, the sats will be worth more fiat money than ever!!!
They will all be running through one door 99 of them. And you will be sitting in the other room and they all woukd want your sats. Because their fiat money is losing value fast.
You would be able to buy their houses, cars, businesses for free.
It would not be great to see these people awakening and begging for sats. It would be quite a bloody film to see. But that’s what normally happens during great wealth transfers.
Bitcoin is an exponential network. It doesn’t grow like linear. It grows exponential.
When the shit hits the fan with a bank run, or when a Bitcoin ETF of Blackrock, Fidelity etc gets approved it could go in days, weeks months.
Just try an exercise to double 1 dollar to get to a million dollars. Keep doubling and see how fast you get there. Or check the story of the rice of the Chinese person who created the chess board and you see the power of exponential growth.
The 88-100 million of accounts/people could double suddenly to 200, 400, 800, 1,6 bil, 3,2 bill, and then we are there.
Ask yourself this: there was a time when only 100 million people had access to the internet. And look at us now.
"Bitcoin is an exponential network."
Please expound on this idea.