If it’s worth 100m a coin it will have eaten every other asset and become the reserve currency globally. What “money” would you be collateralising your bitcoin to get?? Just a thought 💭
Discussion
When I go to Korea, I have to convert my USD to Won. I dream for the day that satoshis are the only acceptable currency worldwide, but we’re not there yet.
If you look at long term bitcoin has low risk compared to any other asset today name one that’s hasn’t lost value but increased value every 5 yrs 2% to 4%. In a value for value world we would be stuffing our wealth back into bitcoin raising it well beyond our current 500 trillion global wealth as more and more people are born and providing value to the bitcoin network the global wealth will grow exponentially. In this future I see Bitcoin more then just currency but a way that breaks us away from the past way of thinking about finance and retirement even career paths if you can follow what I’m ranting about
I get what you’re say and agree 100%. The stock markets are casinos at best, Fiat is trash and most assets are taxed on disposal and many taxed while you hold them. Doesn’t leave many avenues for wealth accumulation on inter generational time frames. I just disagree people will use BTC as collateral for other assets, cause when it gets to those levels BTC will be the only game in town.
Let’s say BTC is the only game in town people wouldn’t want to depart from it due to its overwhelming value with this in mind people could lock up bitcoin and in return have inscribed mini sats that prove the locked bitcoin 50/50 half your able to spend the other locked for burn as market fluctuates, as the market fluctuates the amount of mini sats would as well reflecting the current value of your locked bitcoin.. with BTC being the only game in town value can only increase… there will always be other assets to invest in but for currency Bitcoin changes the way of thinking when you realize the possibilities