Is this factoring in improved efficiencies in supply chain, manufacturing, etc?
$1,000,000/coin Bitcoin numbers:
I crunched some numbers to give possible prices in sats when bitcoin hits $1,000,000/coin.
I used the more realistic gold price before the dollar was significantly devalued by the Fed. This is a rough estimate.
According to Steinway (https://www.steinwaybocaraton.com/knowledge-base/historical-prices-of-steinway-pianos), a new Steinway B was ~$1,050 in 1900
According to pianobuyer.com, A new Steinway B today in 2023 is ~$134,900
1050/134,900=~0.0078
0.78% of the current price was the price before the Fed and significant dollar devaluation.
$100,000 today would be roughly $780 in 1900 based on these numbers.
$5 coffee today would be ~$0.04
If bitcoin is $1,000,000/coin, it would be 100sats/$1
A $5 coffee today would be 4 sats.