BITCOIN IS Going to Zero .
When asked the what the price of Bitcoin was going to end up at, I replied "It's going to zero".
People around the table were stunned, and asked, why?
I began my answer with a question. I asked if anyone could name ANY Fiat currency in history that ever survived long term. The answer was of course, none. I then asked , "where is the dollar definitely going? They all had to reply, "zero". I then reminded them of the original question's denominator, the dollar. The dollar IS going to be zero. Therefore, Bitcoin will be worth zero dollars.
The main point I wanted to make is that ultimately, the Bitcoin protocol will be representative of value. It will serve as a measuring technology, representative of human time and energy. Each sat will be like notches on a tape measure. Ultimately, the true valuation/denominator of Bitcoin will be human time. Satoshis will simply a universally acknowledged system to measure human time and effort.
30 years from now, how many dollars will it take to buy Bitcoin ? Zero, because dollars won't be able to buy bitcoin.
/ Dan
npub162…attkj
2025-02-07 05:11:00
Author Public Key
npub162faajz3nzfj5wccgx6e9ez75zap37xc3qgl7sjf5zelvqyu9slseattkjPublished at
2025-02-07 05:11:00Event JSON
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"content": "BITCOIN IS Going to Zero . \nWhen asked the what the price of Bitcoin was going to end up at, I replied \"It's going to zero\".\n People around the table were stunned, and asked, why? \n I began my answer with a question. I asked if anyone could name ANY Fiat currency in history that ever survived long term. The answer was of course, none. I then asked , \"where is the dollar definitely going? They all had to reply, \"zero\". I then reminded them of the original question's denominator, the dollar. The dollar IS going to be zero. Therefore, Bitcoin will be worth zero dollars. \n The main point I wanted to make is that ultimately, the Bitcoin protocol will be representative of value. It will serve as a measuring technology, representative of human time and energy. Each sat will be like notches on a tape measure. Ultimately, the true valuation/denominator of Bitcoin will be human time. Satoshis will simply a universally acknowledged system to measure human time and effort. \n 30 years from now, how many dollars will it take to buy Bitcoin ? Zero, because dollars won't be able to buy bitcoin. \n",
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