⭐ Merited by Don Pedro Dinero (1)
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
But you were just saying a few weeks ago we're at 5% global adoption and Bitcoin usage!
Now 99% of the world doesn't have a clue about Bitcoin! Lol!
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This is not the case, and the answer lies in Bitcoin's monetary policy. Bitcoin Pizza Day happens many hundreds if not thousands of times every single day around the world. What was 10,000 Bitcoin in 2010 is ~150,000 Satoshi today and 10,000 Satoshi instead of 10,000 Bitcoin for two pizzas in the not too distant future.
Never gets old!
[img hegiht=200]https://talkimg.com/images/2023/08/26/M4uof.png[/img]
Out of pure curiosity, why don't you look at things like this?
In 2009 a Bitcoin was less than a cent, now it's 26k. This means in 2037 it's going to be 52k!
Wouldn't that make more sense than thinking it will do x10 just because you want it to do?
What I find really funny about these topics is that they pop like mushrooms when there is a dump, It's like everyone needs reassurance and start preaching to the choir as it would somehow magically words from people with the same mindset reported ad nauseam will somehow turn out to be true.
Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well.
So this means every coin that has this limited supply and distributed plan will continue getting more valuable and valuable?
Because if you say
yes: - That's obviously not true
no: - Then there is something more important than just the limited supply
People can use US dollar or gold more than bitcoin but they have less values than bitcoin on market, purchasing powers are smaller than Bitcoin purchasing power.
This is a bit stupid, one Brazil Rial is worth 30 yen, does it make a better currency than the yen?
Also, Bitcoin vs. gold, how do you do the comparison? One gram of gold, one kilo of gold?