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2024-04-22 06:05:38

rajatsonifnance on Nostr: In November 2015, 64,000 Nigerian Naira bought 1 #Bitcoin Today, the price of 1 ...

In November 2015, 64,000 Nigerian Naira bought 1 #Bitcoin   

Today, the price of 1 Bitcoin is 75,000,000 Naira

Today, 65,000 USD buys one Bitcoin

Can 1 Bitcoin be worth 75,000,000 USD in January 2033?

I know people will say that the Naira is not comparable to the US Dollar

But every fiat currency is worthless

The value is based on belief and the people issuing it can create more at will

Why would you trade your finite time for something that can be created with a press of a button?

Nobody has a clue how many dollars will exist by 2033

We don't know how much debt the US government will be in

We don't know if the Federal Reserve will still be a thing

We don't know how many governments may start printing dollars to buy Bitcoin

By 2033, ~98% of the supply of Bitcoin will have been mined and at that point, most of the world will have adopted Bitcoin

Let's see what happens...

In 2033, we will be in the 7th cycle and only 0.78125 new BTC will be produced every 10 minutes - 25% of the newly issued supply today
Author Public Key
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8z