Post
Topic
Board Bitcoin Discussion
Re: what will happen if BTC hit 1.000.000$
by
Watershin
on 24/05/2019, 13:02:54 UTC
If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.

Your statement is very surprising... considering your forum rank. You may be knowing that Bitcoins are indefinitely divisible. Each Bitcoin is divisible by 100 million units, and these units are known as "Satoshis". So you don't need to purchase one full Bitcoin. You can purchase BTC0.001 or even BTC0.0001. Therefore I would say that your statement that BTC will become unaffordable, doesn't make any sense.

What you are saying is true, when the price will hit 1million dollar then automatically each satoshi will become worthy and even who are holding 1 lakh sats will be rich.