My biggest question: when BTC reaches $100k – $1m/BTC (if the many predictions are correct) What will the value of that $100k – $1m be? will it still buy me a really nice house or just a cheeseburger at McD’s? i.e. Zimbabwe #biggest #question #BTC #reaches #100k #1mBTC #predictions #correct #100k #buy #nice #house #cheeseburger #McDs #i.e #Zimbabwe


My greatest issue: when BTC reaches $100k – $1m/BTC (if the many predictions are suitable) What will the value of that $100k – $1m be? will it still get me a definitely wonderful residence or just a cheeseburger at McD’s? i.e. Zimbabwe

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Comments (37)

  • y90210 Reply

    Yes

    December 23, 2022 at 10:23 am
  • scabbymonkey Reply

    You question is important I think this fits.

    In economics, Gresham’s law is a monetary principle stating that “bad money drives out good”. For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.

    Meaning, people will save their bitcoin like people did with gold in previous times. Eventually, when the fiat dollar becomes like the Argentina currency and can be found discarded on the streets, then bitcoin will be the new value so maybe a Costco chicken becomes 5 sats. As in there is no dollar value, the sat becomes the value.
    I always recommend this guys channel.
    https://youtube.com/@IoniAppelberg

    December 23, 2022 at 10:23 am
  • EgonHorsePuncher Reply

    At the rate of it’s growth in value it’s outpacing relatively healthy economies (USA and such) inflation rates. Certainly if the US economy collapses and hyper inflation comes about it’ll be a lot harder to take that BTC = X (where x is the USD value) as a good basis for it’s value in fiat.

    I would think you’d see a lot of people gambling on the US economy recovering if suddenly BTC was 1 million USD because hyper inflation rapidly devalued the currency. The only way I can see that coming about is if we see countries rapidly increasing min wage to “combat” inflation when all that would do is lock in that inflation rate as the new base to measure from.

    December 23, 2022 at 10:23 am
  • ThePronto8 Reply

    no one knows for sure, my guess is that in 10 years from now, bitcoin will be worth more then it is today and a dollar will be worth less.

    December 23, 2022 at 10:23 am
  • Old-phoneman52 Reply

    I think like confederate money it will be worthless before then!

    December 23, 2022 at 10:23 am
  • Reasonable_City Reply

    That’s the whole idea behind BTC. It scales with the currency supplies and other moneys as it absorbs everything that can be traded for a Satoshi.
    It’s a black hole for monetary energy

    December 23, 2022 at 10:23 am
  • KaiSosceles Reply

    Whatever it will buy, it will have been better held in BTC than fiat.

    December 23, 2022 at 10:23 am
  • bigwavedave000 Reply

    1 BTC will always be 1 BTC.

    December 23, 2022 at 10:23 am
  • P_e_a_s_h_o_o_t_e_r Reply

    Here is one possibility:

    As adoption increases the value of BTC is expected to increase as well. Once very high adoption is reached and there is little new money, the price is expected to stabilize. The real value of BTC will not increase (by a lot) but it’s monetary value will still increase because of the increase in fiat money supply.

    This is just one possibility.

    December 23, 2022 at 10:23 am
  • NotPresidentChump Reply

    No one truly knows. Valuation at $100k is obviously easier to model/predict than $1M.

    If you’re truly curious look up average annual inflation for your country and project out to when you think BTC will hit a million.

    December 23, 2022 at 10:23 am
  • Dazzling_Marzipan474 Reply

    It will buy 1 BTC.

    December 23, 2022 at 10:23 am
  • NadeTossFTW Reply

    Bitcoin isn’t reaching any of those highs in your lifetime so no need to worry.

    December 23, 2022 at 10:23 am
  • the-faded-ferret Reply

    They’re both good if either are correct

    December 23, 2022 at 10:23 am
  • roliasedor Reply

    If you’re posting here it won’t matter if you have your wealth in bitcoin because the majority of normies don’t have bitcoin so your still comparatively better off anyway.

    December 23, 2022 at 10:23 am
  • LiveDirtyEatClean Reply

    Its hard to know. But if any meaningful inflation happens it will be better than being in USD

    December 23, 2022 at 10:23 am
  • ultron290196 Reply

    That’s the whole point. We are shifting to a new form of accounting based on sound programmatic monetary rules. Not one that can be manipulated by a small group of individuals.

    December 23, 2022 at 10:23 am
  • TheGreatest34567 Reply

    Majority of the fiat currency are still invested in stocks, real estate, gold, paintings, other asset classes or not invested at all. Bitcoin still has a large potential when mass adoption arrives.

    December 23, 2022 at 10:23 am
  • alllballs Reply

    Cheeseburger, plain.

    Sorry.

    December 23, 2022 at 10:23 am
  • alllballs Reply

    Meanwhile… Can’t crack $20k in months. Damnit. I need snow machines! C’mon, coin, you can do it!

    December 23, 2022 at 10:23 am
  • Idrather_be_fishing Reply

    Not sure where you live but on the west coast 100k will get you a trailer and not a nice one…

    December 23, 2022 at 10:23 am
  • Inner_Entrepreneur54 Reply

    Prices would have to be established in sats. And since the average normie will have barely any sats, prices, I’d imagine, would be extremely low. Coffee for 5 sats, for example.

    December 23, 2022 at 10:23 am
  • Icy-Research-1515 Reply

    Crooktoecurrency

    December 23, 2022 at 10:23 am
  • actum_tempus Reply

    thats a nice way zo look at it and it seems plausible

    December 23, 2022 at 10:23 am
  • YodasLeftNut Reply

    It will be better to store your monetary value in a hard asset like bitcoin than a soft asset like the USD or EURO. Bitcoin is pinned to global demand, global currencies are pinned to global demand plus government printing. You choose

    December 23, 2022 at 10:23 am
  • lagavulin16yr Reply

    No one knows.

    December 23, 2022 at 10:23 am
  • igadjeed Reply

    2 Bitcoin = 1kg of rice

    December 23, 2022 at 10:23 am
  • mottledshmeckle Reply

    I bought some of that Zimbabwean money from ebay because of the novelty of being the largest denomination notes ever printed by a central bank. I have almost 200 trillion dollars, but its true value to the open market? About tree fiddly. Seriously though it’s worth about 40-45 American dollars.

    December 23, 2022 at 10:23 am
  • Tryingtodoit23 Reply

    at 100k-dollar is probably 10% in real terms (outside btc) than this. at 1 million, dollar has lost half it’s real value/purchasing power.

    December 23, 2022 at 10:23 am
  • NewFilm96 Reply

    When people say it will be worth $100K-$1M they are using that amount in USD to communicate a value that BTC will eventually reach.

    Your question is worded non-specifically and wrong, which is why it gives a dumb answer.

    > What will the value of that $100k – $1m be?

    $100k – $1m.

    There you go, that’s your answer.

    December 23, 2022 at 10:23 am
  • Petulax Reply

    Good point

    December 23, 2022 at 10:23 am
  • Mean_Permission8393 Reply

    In history it happened a few times that a new form of money arrived.

    Before gold you we’re rich by having land. 1300/1400ish.

    Then came colonization, and other people (adventurers and entrepreneurs) brought in goods for gold. They were a new group of rich people in the country. An golden era. But they were with quite a lot, but there were still way more poor people!

    It’s the way a city like Amsterdam has grown.

    December 23, 2022 at 10:23 am
  • ImaginedNumber Reply

    1btc = 1btc

    December 23, 2022 at 10:23 am
  • cndvcndv Reply

    I think that depends on how fast the usd crashes. If it loses 90% of it’s value in the next 5 years, 100k is not gonna be much when bitcoin reaches 100k. However, I think those estimations are based on what usd is worth today so if the estimation about bitcoin value is correct but usd crashes too hard, then bitcoin might as well reach 500k instead of 100k.

    December 23, 2022 at 10:23 am
  • Reasonable_Permit_74 Reply

    When BTC reaches 1M USD you don’t want the dollars anymore because it became a worthless currency by then.

    The point is that you don’t sell your BTC for fiat currency, you buy goods and services in exchange for BTC.

    You shouldnt be in BTC for USD gains, because if you are then you are still supporting the current system.

    Instead we should price goods and services in SATS, once this happens your ‘gains’ will be visible. For example a house being priced at 20.000.000 SATS by then. You then become aware of your true gains from holding BTC all those years.

    December 23, 2022 at 10:23 am
  • jfhsdkjfhsdkjfhsdkjf Reply

    Since 100k is not an extreme jump from the current all time high, I don’t see why the purchasing power needs to diminish.

    December 23, 2022 at 10:23 am
  • RedTulkas Reply

    would that matter, 1 BTC is BTC, never forget

    December 23, 2022 at 10:23 am
  • clue5tick Reply

    It will be one Bitcoin.

    Anything else?

    December 23, 2022 at 10:23 am

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