1 bitcoin is roughly equal to 1 very nice used car, what do you use as a mental benchmark for Bitcoin's price?

Once upon a time a bitcoin was equal to a 25¢ gumball. Then a Big Mac. Then it was equal to a gaming system, or a PC, and now it's equal to that of a really rather nice used car.

I'm looking forward to 1 bitcoin being worth 1 reasonably sized house, and beyond that I have trouble coming up with things to compare a bitcoin to. One of the nicer Lambos, perhaps? 🤔

Then there are the smaller amounts. 0.001 bitcoin is lunch, for example, and 0.0001 is a cup of coffee.

What do you use as mental approximations for bitcoin?



Submitted February 22, 2020 at 01:28PM by gta3uzi https://ift.tt/2SQyOGs

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