Post
Topic
Board Economics
Re: WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD
by
ene1980
on 20/08/2019, 10:31:53 UTC
~snip
Did you believe Bitcoin will reach $20k in 2009? Or did you even believe that a Bitcoin could worth more than a gram of gold? I'd be really surpassed if you say yes, but now you don't believe that Bitcoin will reach that numbers.
I was not in bitcoin during 2009 and during that phase even Satoshi would not believe the price would catch up like that Tongue. For argument sake let the price of bitcoin reaches a million dollar and for that to happen the BTCitcoin market capital has to touch almost 16 trillion USD and do you think the technology has developed to include huge transaction volumes and how much transaction charges are you willing to pay if the price of BTCitcoin reaches a million dollar and hence i would say it is not a realistic argument now, if you have a better argument you can change my mind on that  Wink.