When #bitcoin is fully understood as a superior asset, businesses, corporations and nations will choose it over other speculative investments.
Perhaps all other assets will be seen as poor investments, comparitively.
We should think about what this really might look like.
As positive as this outcome may be for today's holders, the potential for harsh changes lies directly ahead.
For starters, many speculative assets will be sold to purchase bitcoin because It no longer makes sense to invest in real estate, or stocks, or gold as a way of preserving wealth. Compared to bitcoin, their value will be nearly zero.
In response, the prices of many things will fall dramatically.
Houses, for example, may finally become affordable because no one will want to own more than what they need to live in.
Large buildings,oke mansions and skyscrapers won't just lose value, but fall into disrepair.
Afterall, who would maintain a skyscraper if that money could be used to purchase bitcoin?
Large companies, whose stocks have plummeted, will eventually switch to bitcoin mining rather than upgrading their products.
Apple and Microsoft, John Deer and Caterpillar, may all lose interest in their original business plans.
Gold mining will slow, and eventually stop altogether, as the cost of maintain equipment and paying miners and refining precious metals are all seen as a losing proposition against a regualar bitcoin investment.
Governments will buy as much bitcoin as they can with taxpayer money, possibly even raising taxes to get more.
Without a smart plan to sell bitcoin at highs and buy again at the dips, basic government services will dry up. Eventually roads will stop being maintained. Assistance programs will be cut altogether.
Police forces will be relegated to the protection of bitcoin holders only.
Soon, working people will struggle to find jobs to pay for basic necessities.
At first, the price of goods will get cheaper, but soon, decent goods will become scarce, potentially raising their prices once again. What remains will likely be of lesser quality and hard to get.
Food will become scarce as large agricultural operations switch to bitcoin mining.
Organic farming by small, collective farms will be necessary. These farms can't support everyone, however, and will need to be guarded at all times.
Eventually, mass starvation on a global scale may ensue.
A small population of workers will be all that's needed to clean the toilets and guard the fields for the bitcoiners who diligently stacked when bitcoin was valued in the mere hundreds of thousands of dollars.
In the end, the world may be less polluted, and have less wars. Life will be more comfortable for the survivors, and even the toilet cleaners may have more freedom.
But the way there may be dystopian at best.
Plan accordingly.
