1487 sats/$1 USD
this has dropped substantially over the last few months
but moving the needle on this metric will become harder and harder as price appreciation grows…
to demonstrate this point, consider the following:
- 1000 sats/$1 USD = $100K BTC
- 500 sats/$1 USD = $200K BTC
- 50 sats/$1 USD = $2M BTC
- 10 sats/$1 USD = $10M BTC
- 1 sats/$1 USD = $100M BTC
whether “price” (i.e. as measured in USD) volatility will dampen or not, prices as measured in sats certainly will
IMO, unit of account will seriously kick in at ~$2M BTC
and we will all see prices become 50X cheaper over time on the road to $100M BTC
prosperous times ahead 🌅
#plebchain