Watched Mary and the Witches Flower again, absolutely gorgeous artwork.
Decent story, could've been better but I enjoyed it.
I need to watch more of the Ghibli style films, and animes. Feels like I have barely tapped into this category, I look forward to what I have in store!
Time * Energy = Value.
Bitcoin decides the time required to mine new coins, doubling the requirement every 4 years. While the world decides the energy required, approximated by the hashrate. The more we compete for each block the more energy we input into the Bitcoin system in exchange for the current subsidy.
That value exchange of energy input for 10 minutes for a set amount of Bitcoin, declares the production cost of Bitcoin for the world. Why would anyone sell their Bitcoin for less than it costs to make it? Everything trends towards it's cost of production, and Bitcoin is no different.
Since the time requirement doubles programmatically and the hashrate / energy requirement grows exponentially, the value is going to grow over time until BOTH: people decide to stop increasingly competing for it, and Bitcoin completes it's halving schedule.
So until 2140, or possibly later if consensus decides such, Bitcoin is programmed to go up in value.
Assuming the mining network stops growing (and looking at a hashrate chart, how likely is that to happen?) the value of 1 Bitcoin is going to increase as follows at a minimum.
2028: $240k
2032: $480k
2036: $960k
2040: $1,920k
2044: $3,840k
2048: $7,680k
2052: $15,360k
2056: $30,720k
2060: $61,440k
2064: $122,880k
Within 40 years we hit $1/Sat at the current value of the dollar, IF THE MINING NETWORK STOPS GROWING. Now consider that in the last decade the mining network hashrate increased 2500x... Far exceeding any efficiency improvements seen over that period.
Also, the dollar will continue to be debased so if the rate of debasement continues as it has been then by that time it will have lost another 94% of it's value and in that case 1 Sat = $16. So by 2064 1 BTC with the current mining network will equal $1,966,080,000.
That is of course, never going to happen. Because it will be long before then that the dollar died and Bitcoin became the world reserve asset, medium of exchange, and unit of account. Nobody has any idea what the price of Bitcoin will be in the distant future, or how it will change the world, but it's certainly going to be higher than it is now.
What do you think?
#nothingstopsthistrain
#thepriceoftomorrow
#bitcoin
☮️♥️₿
Everyone saying we're about to crash:
No we're not.
I've been through 3 bull and bear cycles, my analysis indicates we're boring at these levels and there's no crash anywhere nearby. We could drop to $89k, like in another "Liberation day" tariff induced market crash, but we likely won't sustain any crash below $100k ever again IMO.
I could be wrong, all models will be broken of course, but I don't believe so.
I'm gonna start posting stats periodically soon so keep a lookout for that. 🤟