Dan on Nostr: BITCOIN; After the price stops going up, the value will never stop going up. Why? ...
BITCOIN; After the price stops going up, the value will never stop going up. Why?
Firstly, over years , bitcoin will capture much of the monitary premium of other assets that were wrongfully used as money. During this time, supply and demand of bitcoin will seek its equilibrium. The "comparison" to FIAT value will become worthless, because FIATs lack of accuracy will show.
Finally, Bitcoin will simply be an economic reflection of all increases human productivity. So, the more efficient humans get, more more VALUE bitcoin will have. At this point in the future, bitcoin will not have a price. It will simply measure value.
Firstly, over years , bitcoin will capture much of the monitary premium of other assets that were wrongfully used as money. During this time, supply and demand of bitcoin will seek its equilibrium. The "comparison" to FIAT value will become worthless, because FIATs lack of accuracy will show.
Finally, Bitcoin will simply be an economic reflection of all increases human productivity. So, the more efficient humans get, more more VALUE bitcoin will have. At this point in the future, bitcoin will not have a price. It will simply measure value.