You asked what will one Bitcoin be worth, in a future where Bitcoin is the monetary standard.
If you buy a house, the house will be priced in sats. What the exact amount is, will be dependent on what the market demands.
The money is worth what you can purchase with it.
So would it be logical to say that it would likely just naturally evolve out of the value system we currently use? So like... purely hypothetical here, BTC goes to 10 million USD per coin and that coincides with the "switch over" point to where we start using BTC as the monetary system... we'd use the current value of things as the basis for starting out the new value system? Like, okay my $1M house now only costs 0.1BTC.
Think of a fluid switch over. Gradually then suddenly.
I agree that it will be this way at a high level, but I was curious to see if people had tried to hash out any more specifics on the subject.
Dunno if there can be specifics if it boils down to individual decisions. IMO if you understand money the value question is already answered.
It's an ongoing process for me. I'm still learning and don't have a solid foundational knowledge of economics and money. So maybe my original post was not a good idea, but I am fine with getting roasted and beat up as long as I learn something new or gain more perspective, and I definitely feel like all of these replies have helped me to do that.
Mises theory of money and credit opened the floodgates for me.
That's what happened when the Euro took over all the other currencies in Europe. Stores had two prices per item, one in Euro and one in their sovereign currency. People, over time, became accustomed to the new unit of account.
Some places may have discounts for individuals who prefer to pay in Bitcoin or an additional charge for those who choose to pay in fiat.
Bitcoin is a parallel system, so it is a natural evolution of our current value system.
Personally, after a few years of using Bitcoin as my personal unit of account, I recently started to think of prices in terms of sats. My brain hasn't fully adjusted out of denominating value in dollars, but it's getting close.
It reminds me of when I learned English. I would think and count in French, then translate to English. Now, I think and count in English exclusively.
