What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense
Could we start spend it like if it was a decentralized cryptocurrencies?
Is this a possible world?
I doubt its possible the price could stay at $5,000 for 15 years. Miners wouldnt be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).
Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.
What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.