I think even 10 bitcoin will be billionaire status one day
Login to reply
Replies (1)
In nominal terms, perhaps. But in terms of current purchasing power, there are not enough goods and services on the market for 2.1 million billionaires on earth. That is roughly 1000x more billionaires than currently exist. But if average billionaire wealth is say $10B, then we are only 100x too high.
That said, I do think eventually bitcoin will usher in a new era of abundance that brings more goods and services to market…but I’m thinking that’s like maybe 2x, outside chance of 10x.
Most optimistic estimate along this line of reasoning, it’ll take 100 bitcoin to be a billionaire, but probably more like 500.