I realized an interesting fact about Bitcoin yesterday: the last Bitcoin unit will be mined over 40 years, from the year 2100 to 2140. đ¤Ż
Inspired by this, I asked ChatGPT what it might feel like to be a Bitcoin hodler in the 2100s. Hereâs what it came up with:
- One of the worldâs rarest assets By then, Bitcoin's scarcity would have fully materialized. With 21 million mined and a significant portion likely lost over time (current estimates suggest 20-30% of Bitcoin is already gone), owning a single Bitcoin could be unimaginably rare.
A hodler might feel immense pride and even reverence for their ownership, much like how we admire people who hold historical treasures today.
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Value and purchasing power If Bitcoin becomes a globally recognized monetary system, the purchasing power of one Bitcoin might be astronomical. A hodler might wonder what they could buy with itâperhaps an entire city, or even a planet (if humanity has ventured into space economies by then). đ
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Philosophical pride A hodler might feel deeply satisfied knowing they own a piece of humanityâs first truly finite and decentralized monetary system. This could also carry significant societal or ideological meaning, especially if Bitcoin has become a symbol of financial freedom.
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Social and cultural value A single Bitcoin might not just be an economic powerhouse but also a significant cultural symbol. A hodler might feel that their ownership isnât merely personal but part of a larger narrative about humanityâs shift from fiat economies to hard money. Owning Bitcoin might also come with a sense of responsibilityâto donate, share, or wisely utilize this immense value.
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A nostalgic connection to history In the 2100s, Bitcoin could carry an almost mythical status, and a hodler might feel a strong connection to the "pioneers" of the 2000s. Perhaps the mystique of Satoshi Nakamoto would have only grown, and the hodler might look back fondly on the days when Bitcoin was just a âwild idea.â
All in all, a Bitcoin hodler in the 2100s wouldnât just âownâ valueâtheyâd carry the weight of Bitcoinâs history and symbolism. What it feels like to be part of that depends on the individualâbut itâs safe to say, it would be something truly extraordinary!