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HODL
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2023-05-27 18:09:10

HODL on Nostr: Sometimes people say stupid shit like “in a world where bitcoin is a million a ...

Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”

This is overexaggerated hyperbolic nonsense.

Here’s how to think clearly about the world you will be inhabiting at bitcoin one million.

Let’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now.

That’s a little under 1,000 coins if you’re looking to ball out.

By the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation.

These properties will not sit idle at 25MM though.

They will inflate as well as they are subject to the same market forces.

Likely at a lower rate of 4-5x vs bitcoins 30-50x.

So while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins.

Better than 1,000 coins but still not exactly cheap.

Hamburgers will probably be $15. Shit, good ones already are.
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