Post
Topic
Board Bitcoin Discussion
Re: The Minimum Unit and the Value Thereof
by
Antotena
on 23/02/2024, 14:33:20 UTC
What happens if the smallest unit of bitcoin - a satoshi- becomes worth so much money that it cannot reasonable be exchanged for anything? Say one satoshi is the equivalent of $10,000 USD, then what good is it for actual exchange of goods and services, besides buying real estate or somesuch nonsense? Just a random thought I had, and I am no student of economics or computers, but I was curious as to proposed solutions or if this is just an irrelevant concern.

This is illogical but I'm not disputing that it's not possible. 1 sats is right now is worth 0.0002616, for this price to even reach $2.616, bitcoin market cap has to do 1x 10^4, that means the Bitcoin market cap has to do 4trillion dollars and Bitcoin price will be around 4X which means it will be around $210,000 per a single Bitcoin. Now you are talking about $10,000 to a Satoshi, that's impossible because not even the amount of money that will be printed that will make Bitcoin that big because even with 100x, you wouldn't get the price of $10k from where I started 4x, it's not logical.

Don't you know that a time will come when it will be difficult for Bitcoin to even do 2x? Imagine that bitcoin reach even $200,000k, you need more and more of the market cap to move the coin for it to double and where will that money comes from? Even with government intervention, it's not possible.