Hear me out regarding #Bitcoin’s ascendancy to becoming the world's reserve currency by 2050.
2010s: Collectible (~200% CAGR)
2020s: Store of Value (~50%)
2030s: Medium of Exchange (~25%)
2040s: Unit of Account (~10-15%)
Hear me out regarding #Bitcoin’s ascendancy to becoming the world's reserve currency by 2050.
2010s: Collectible (~200% CAGR)
2020s: Store of Value (~50%)
2030s: Medium of Exchange (~25%)
2040s: Unit of Account (~10-15%)
2050s: Local currencies no longer exist, humans use bitcoin only. Assuming humans continue to increase their productivity > bitcoin’s inflationary rate-we have a truly deflationary environment.
Your terms are acceptable
Still trying to feel like I’m not late to the party…
I like this framework. It’s a mental battle to already think of #bitcoin as unit of account on personal level when the fiat system is still so entrenched but this will be the final hurdle to global acceptance
Kinda lines up with nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m 3 generation theory. If bitcoin is the reserve currency for another 20 years after 2050, fiat may be a near distant memory for those being born then.