THE DEATH OF THE DOLLAR
YOU ARE NOT BULLISH ENOUGH IF…
The dollar has lost more than 99% of its purchasing power power against gold in the last 95 years.
From $20,67 one ounce to $2067 that means that a dollar today buy les than 0.01 of an ounce (-99%)
But….
The dollar has lost 99% of its value against bitcoin at least 6 times so far IN ONLY 15 years.
The “speculative attack” on the dollar is accelerating while big players borrow dollars (increasing its supply) to buy bitcoin (decreasing its supply) and driving the Bitcoin price parabolic.
I think we are now starting to see this process accelerate and this can get crazy faster than we think.
Sats you could get per dollar.
$1 = 1,000,000,000 sats
$1=100,000,000 sats
$1=10,000,000 sats
$1=1,000,000 sats
$1 =100,000 sats
$1 =10,000 sats
$1=1,000 sats
HERE NOW.
Price of Bitcoin
From $0,1 to $1
From $1 to $10
From $10 to $100
From $100 to $1,000
From $1,000 to $10,000
From $10,000 to $100,000
HERE NOW.
But this doesn’t stop here.
The death of the dollar is accelerating and THIS TIME IS NOT GOING TO BE DIFFERENT than with other currencies just because is the “global reserve currency”. Maybe it will take a little longer but this is inevitable due to the debt based nature of our monetary system.
How many more times can the dollar lose 99% of its value against bitcoin?
Many. But let’s think at lest 3 more times until one bitcoin is priced at $100,000,000 dollars and we reach the $1 =1 sat.
But it WONT stop there.
A x1,000 from here means the dollar will lose 99% of its value against bitcoin 3 more times.
$1=100 sats
$1=10 sats
$1 =1 sat
Let’s take out ceros like every nation do when they hyper inflate their currency.
Remember $100 today buy the same $1 bought in the past.
Currency devaluation is exponential so don’t be scared about astronomical NOMINAL prices. What really matters is the purchasing power of real things.
From 0,1M to $1M
From $1M to $10M
From $10M to $100M
Bitcoin has not top because the dollar has no bottom.
$1,000,000 is next but it won’t stop there.
Bitcoin will not only accelerate the death of the dollar but will make those accelerating its decline exponentially wealthier if it succeeds without any existencial threat.
This bring the question that Svetski does in nostr:nprofile1qqspynsnux5d0tmn2a8xxajazx4fvz3gmue6f5a8avkhtk9dwda56kgpz9mhxue69uhkummnw3ezumr49e4k2qgewaehxw309ahx7um5wghxsetcdpjhstn0dekxjmn9xn9zxd
What are this people do with that wealth? Are they gonna become the new parasite class? Are they gonna invest in ways to improve society? Are they gonna control the government?
Are they gonna lose their minds?
Bitoiners will have to be spiritually and mentally prepared for the responsibility that comes with controlling a considerable amount wealth that can be turned into power.
This will be developing in the coming decades so you should start thinking about it now.
This is just a friendly reminder.
Stay humble.