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.
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.