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Actually, it’s extremely likely, and this is great for the world. Let’s hope it doesn’t happen? You’re getting confused here. We do not need one fiat currency to collapse for sat-dollar parity. Just 5% of individual wealth with 200K BTC available equals $100M. Why are you involved in bitcoin if you don’t want global adoption as soon as possible? We are living in the dark ages under fiat control — massive suppression and corruption. The sooner America adopts bitcoin, the sooner we enter a global golden age. #Bitcoin is a tool for security and infinite value.

ryanjordan 1y ago

We are in #Bitcoin to help build and secure the individual’s value creation worldwide.

I’m not referring to a currency collapse. If Bitcoin were to achieve $1 = 1 sat parity in 5 years because the rich wanted to get richer, that would be extremely damaging for billions of peoples potential future purchasing power. The people that are actually on a Bitcoin standard in 2024 is less than 1 million. I would encourage you to start listening to Jeff Booth or better yet read his book “The Price of Tomorrow.”

America “adopting Bitcoin” is highly unlikely. In the same way that Blockbuster couldn’t compete with Netflix. They couldn’t even see what was happening. True story, they added candy isles to “boost profits” to try and compete with Netflix.

Now $10-$15 million per Bitcoin by 2045 IMHO is a more reasonable adoption rate, helping give billions a people around the world to secure their purchasing price.

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Riggs 1y ago

I read Jeff’s book years ago and he leans far closer to what I’m saying. You aren’t grasping the nature of absolute scarcity, exponential growth, and simple mathematics. This is a new paradigm in terms of inelastic supply meeting expanding fiat demand. You are assuming there will be a slower price appreciation for more average people to buy. Obviously this may help certain people, but it will also delay others. They will get in either way, and far easier with a bigger price shock. Bitcoin does not care and natural selection is part of life. Educate your family and friends before the smart ones gain a larger advantage. This is part of evolution and a healthy society. My thesis is positive, as I see good people accumulating wealth and helping others. This is what #Bitcoin allows. Fiat corruption will fade the faster bitcoin gets adopted. This train is accelerating — 1% to 30% of wealth absorption happens faster than 0% to 1%.

ryanjordan 1y ago

You’re saying $100 million per #bitcoin ($1=1sat) in 4 years? If that were true that would put Bitcoin’s market cap at 2 quadrillion in 4 years? (Current total wealth $600-900 trillion). You see now how unlikely this scenario is. Mathematically impossible.

Riggs 1y ago

2024 to 2029 is 5 years. Total global wealth is currently $2Q and will be double that by 2030, especially with derivatives and digital monetary expansion. Available BTC will be insanely low, making price higher. Market cap means nothing. So, mathematically likely.

ryanjordan 1y ago

1. Global wealth is not $2Q

2. Derivatives don’t create wealth

3. The fed likes to print but not that much (quadrillions, would mean collapse)

But let’s just assume your assumptions are correct. That illustrates the destruction of the fiat world in an unnecessary way. You don’t need one system to completely blowup for the other to thrive in such a short amount of time. I hate the fiat world just as the next bitcoiner, but your proposed market cap assumes an unneeded destruction too quickly.

Riggs 1y ago

I am not talking destruction at all. You again aren’t understanding the current *global* situation of the debt spiral. We are reaching the inflection point of exponential growth and exponential amounts of fiat *that need to be* printed. Again, globally, not just the FED. Money supply is up 50% in six years.

https://goldbroker.com/news/two-quadrillion-dollars-global-timebomb-2261