So many things about ₿itcoin are utterly mind blowing. If you don’t think so, you need to keep going down the rabbit 🐇 hole 🕳️.
Discussion
Its insane i been in bitcoin for a long time and everytime you think you grasp it a new world opens up from taproot to nostr and what that can do for bitcoin i dont think i will ever fully grasp it
Nobody can grasp it. The layers are going to melt faces. Can you imagine layer 8 of the tech stack in the future? Me neither!!!🤣😂🤣😂
Did you know that if you wanted to cover the M2 of USD with BTC you would need a BTC price not that far from 1M USD?
Yeah, ₿tc is so under valued considering it’s low risk and huge asymmetrical upside.
Personally, I value ₿tc at dollar/sat parity. The world just hasn’t caught up.
Even covering the entire world GDP it wouldn’t get there. It would put it somewhere between 3-5M USD.
These are just funny numbers. But the 1M M2 relationship (1cent per sat) could be an additional reason 21 is the magic number.
Everything will trend towards zero relative to ₿tc. At a certain point the ₿tc/dollar comparison will no longer make sense because the dollar will inflate to infinity.