Just read the usual article BTC to hit $2.5 million blah blah...
If it did, could the world handle that many millionaires? Wouldn't inflation kick in? Just like the raising of the minimum wage is a con because as soon as that happens, the price of commodities just follow the same percentage. Fiat currency just loses value every year.
So would a $2.5 million BTC actually be more like $250,000 or even $50,000.... I just can't see 50% of the world's population being millionaires.
Bitcoin had created many millionaire with the pump of 50k$.The people holding from 5000$ had gained 45000$,this is not a less amount.It's enough for the person to live a peaceful life with a wife and flat,car,etc.The single pump had gained huge profit to the long holding legend.But sometimes we are forced to sell to survive for now.