That $200 will be worth thousands in the future in Bitcoin.....
Discussion
Thousands? Damn, that's a bearish take...
Lol. Yes, thousands. $200 today in Bitcoin is roughly .0022 Bitcoin.
Even at $10Million per bitcoin, which would mean a 210 trillion market cap in USD, Or roughly 12x gold today, that would make his $200 have a fiat USD value of $22,000.
So yes, thousands. 😉
I can confirm this, as someone who has previously bought a $1000 t-shirt and a $500 coffee.
I must have lost a zero -- this is what I get for posting before the coffee's had time to work.
And yea, I paid around $100,000 for a month of rent at one point, so I feel the same pain. Especially since it turns out I was eligible for unemployment during that period where the restaurant I worked at was temporarily closed as they moved locations.
Though that said, you ARE thinking in terms of fiat at today's prices. Give it a decade or two of inflation while BTC adoption expands and we may well hit quite a bit higher.
Not sure about that. The math doesn't add up.
It could take 5, 10, even 25% of the global value, it's still not even close.
There is little chance Bitcoin takes over 25% of the future global financial and asset value. The math isn't there.