Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: When will Bitcoin catch up with Gold in capitalization?
by
NotATether
on 15/02/2024, 12:05:16 UTC
⭐ Merited by JayJuanGee (1)
But surpassing gold might not be the ultimate victory. An exorbitant price could hinder Bitcoin's utility as a payment method, relegating it to government reserves. Perhaps a more achievable and beneficial goal lies in surpassing larger corporations like Microsoft ($3.026 trillion), placing Bitcoin's value at a more accessible $154,000 per unit.

Why?

Bitcoin is not a corporation, despite the CEO of Bitcoin memes.

Nobody actually does anything to increase Bitcoin's valuation, except for buying and selling it.

We already have a way to deal with a highly deflated price of Bitcoin and that is the Lightning Network (and not everyone likes it, but it does the job well).

Teaching people how to use it properly will be a problem though. Especially the whole thing about adding channels before you can send or receive anything from them.