Replying to Avatar Bitcoin for Freedom

If you don’t think 0.1 #bitcoin will make you a USD millionaire you don’t understand it yet.
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bitcoiner7 nym 2y ago

Question is, even if this happens, what is going to be the real purchasing power of these millions of dollars, or the 0.1 BTC

If in the future, the purchasing power of 0.1 BTC is going to be the same as 0.1 BTC today then, well, great that I have saved, it kept the value, I'm much better off than as if I kept dollars, but I'm not a millionaire, meaning a wealthy person. I'm just a nominal millionaire in USD worth less...

But of course, it is also possible that the purchasing power of Bitcoin will grow in real terms as well, due to increased demand, halving, etc.

Time will tell. For now, stack and hold, in cold storage, at least that's my plan, for the long term.

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Cláudio 2y ago

Dollar value is going zero. Bitcoin is scarce. You’d pay 0.01 Bitcoin in house in the future where dollar is worse than already is ? I think not. Well, scarcity is real value.

In the future, 100k sats will buy a good apartment or house, but Bitcoin is scarce, I would think very well about spending 100k sats in a house.