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$100,000k is $100m. Is that what you meant? $100m bitcoin might be worth $1m in 10 years, or zero, or $10bn. I don't think that qualifies as "losslessly".
by munksbeer 2y ago
$100,000k is $100m. Is that what you meant? $100m bitcoin might be worth $1m in 10 years, or zero, or $10bn.
I don't think that qualifies as "losslessly".
- npoc 2y agoYou're right, I meant $100k Regarding losslessly - I'm referring to the point at which the market for bitcoin is largely saturated (in a few decades?). At this point the price per bitcoin will be at least $10M/BTC in today's dollars and will have stabilised - the current volatility comes from its fast growth. Until then you're looking at a CAGR of at least 40% over the next couple of decades if you are willing to hold it for at least 4 years (historically the wavelength of the macro volatility, but this period will reduce as the market matures) . It's hard to imagine but it is still so early in it's growth curve - comparable to the internet in 1990. In the last 12 months the pipelines have been opened to institutional money and US is even discussing the idea of a national reserve, even though Trump is yet to see the difference between bitcoin and crip-toe which are poles apart in terms of usefulness. One is going to $infinity, the other desperately clinging to it's coattails like a parasite, to zero.