Nope. 1 btc is already 1 btc
Discussion
Well depends how you see it.
By stating "1 BTC = 1 BTC", it is emphasizing the fact that the value of Bitcoin is not relative to any other currency or commodity, but is rather an asset in its own right with its own unique properties and value proposition.
Which is great and true but right now this doesn't help you in reality where everything is still priced in FIAT.
So at least for me, number goes up = getting closer to hyperbitcoinization, which would make 1 BTC = 1 BTC a reality for every human being and that's at least for me a very desirable outcome. So yes, I enjoy NGU as it's shows the growing adoption.
Agree. NGU means more people have started their journey to see 1 BTC = 1 BTC. That’s exciting.
Does NGU really mean adoption though? 🤨
On a short time frame, there is certainly a lot of market manipulation involved. However, on a longer time frame, in my opinion, it's the growing adoption that increases the fiat valuation. We can see this with all the halvings, where we overshoot as many newcomers come to the market, driven by greed and a desire for more fiat. Then the bubble bursts, and some people dig deeper during this phase to understand that Bitcoin is more than just an asset. As a result, they become convinced Bitcoiners and gradually leave the fiat mindset behind. But like I said that's just the way I see it. I'm a Freedom Maximalist, so I'm happy if other people disagree. As nothing is certain in our world, except 1 BTC = 1 BTC 😁
He’s got point. We all know that fair value for 1BTC is at least $10M but I can’t see a scenario where you’ll give me services worth that much for 1BTC rn when you can get 1BTC for 30k. Fiat value means a lot.
I don’t see 1=1 as anything to do with fiat value.
On one hand you have corrupted and manipulated money.
On the other, honest, uncorrupted.
It doesn’t matter how many fake bucks a Bitcoin is at any point in time.
If you measure your stack in fiat, you’re still on the fiat mindset.