MadventuRoss's avatar
MadventuRoss 1 year ago
The worlds wealth and the USD is growing exponentially though, the government will print again creating more and more “wealth” mostly for the 1% but it will take BTC with it IMO.

Replies (1)

Well, I am thinking in terms of pre-pandemic dollars, so dollar-crashing is accounted. If we print $100T, I assume that all gets absorbed by Bitcoin. It would multiply the dollar-relative value. The wealth of the world may go up or down, depending on war and political moves. If a war breaks out between Russia and USA, the destruction of real wealth makes real resources more scarce and Bitcoin worth less per those resources, like food and shelter. If no war breaks out and resources boom, the relative price of those goods will go down, in bitcoin or in dollars. Simple supply and demand. Another trend you may not take into account is the very low birth rate of the US and European countries. This will make the 30s and 40s significantly less prosperous with a decline in work force. That current $900T total wealth storage value may actually go down, not up.