An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europeMore institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich.
Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.What do you think?
It doesn't matter how much bitcoin price goes upwards since you can still buy bits of the bitcoins and that's enough for us.
I mean it's about your outlook how you use bitcoin. If you want to spend 5 bucks on something then you just pay 5 bucks worth of bitcoins. Obviously you don't need to have whole bitcoin in your purse.
Whether its 50k or 100K USD per bitcoin in the future, things won't change for normal user.
Moreover, if you are investor then also same formula applies. If you can only spend let us say 10K USD on bitcoin then you spend only that much and wager it for your profit. Rise in the prices will get you profits and stuff but it won't hamper your way of investing money.