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
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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
It's a potential outcome. I wouldn't assign a high probability to it anytime soon. Depends how quickly fiat devolves.
In a few years we will know.
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.
Those companies or countries will be the true winners because they are pioneers.
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
Bitcoin is absolute scarcity and I can only imagine when the supply of Sats is insufficient compared to the existing demand.
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?