40 sats \ 1 reply \ @gojira9000 2 Mar \ parent \ on: The Ultimate Purchasing Power of Bitcoin bitcoin
This is pretty spot on to my assumptions as well. I think we'll absolutely hit a minimum million or more per coin and flip gold, and Bitcoin will solidify itself as precisely what you said: the premier store of value. It's got so much more utility vs gold (i.e. you can send it across the world instantly or carry it across an international border in your head) so all it takes is for the world at large to come to understand that and start adopting it for that purpose.
This cycle alone could see as much as a 400K BTC by some estimates, and other estimates think that isn't bullish enough. I wonder if what we think of as a "Bitcoin cycle" won't smooth out a bit so we see less precipitous drops during the dormant cycle, and therefore a smoother and more constant uptick in price. Going into this halving at or close to the former ATH is already showing a deviation from the norm.
I strongly suspect each cycle will be less volatile than the previous. It just makes sense that the underlying dynamics would be priced in more accurately as we get more experience with the asset.
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