1 satoshi can absolutely equal $1 in the future. this will signify a collapse of a fiat currency which has happened many times. The US dollar is not immune. Politics and banker greed causes it.
The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do
I'm quite suprised noone mentioned this already
The real question is will 1 satoshi ever be too valuable to be practical as the smallest unit of bitcoin. If that does happen there is nothing in the bitcon whitepaper to say you can't add more decimal places. Maybe in te future we will need 100ths of a satoshi. That iwould be easy to do
I'm quite suprised noone mentioned this already
That would be called "fractional satoshis". I believe Bitcoin Cash and eCash (formerly known as Bitcoin Cash ABC) have already implemented this. BTC could be divided into more units if it achieves such high market prices. Maybe half or a quarter of a satoshi will be the standard by the time this happens. Neither you or I will be alive once 1 satoshi hits $1. If it happens early, that means the USD lost its value big time. "De-dollarization" has already begun, so anything's possible.
I'd focus more on accumulating BTC for the future. Even if it doesn't hit $100m during our lifetimes, we can still profit with every new ATH. For what I know, $1m is right around the corner. Who knows? You might become the next Bitcoin millionaire if you act early. As long as BTC remains a deflationary cryptocurrency, there should be nothing to worry about. Just my thoughts
