I've been reading a lot about Bitcoin and Crypto in general, I can't see a world where Bitcoin doesn't surpass a million.

I am some random redditor, remember. This is my opinion.

But with a 21,000,000 max supply I cannot comprehend how Bitcoin will possibly not absolutely sky rocket. If only 0.25% of the world's population wanted to buy 1 BTC, that would completely cover the entire supply of Bitcoin.

With the technology of the block chain and the exponential rise of technology, I cannot possibly fathom how Bitcoin could not continue to climb in the following decades.

There are so many variables but Bitcoin seems so fundamentally flawless in principle.

Am I missing something here?

Every day that goes past I am saddened by the fact that I don't make enough to invest considerable amounts.



Submitted August 23, 2020 at 09:30AM by jackrunit https://ift.tt/31j0mZy

Comments

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part?