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by notreallytrue
2028 days ago
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Honest question: in 20 years would you prefer to own a 21 milionth of bitcoin (1 bitcoin) or 21 milionth of gold (~8kgs of gold)? Not thinking about the value of it, but of its future usefulness as value store and as mean of payment |
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I don't believe you can separate the value of Bitcoin and it's usefulness because the more valuable Bitcoin is, the more useful it becomes.
The more people who hold Bitcoin, the more scarce it becomes and therefore the more valuable it becomes. In 20 years, Bitcoin could go to 0, or become a widely used currency and skyrocket in value.
Once the number of Bitcoin holders reaches equilibrium then the value would remain stable, but we are definitely not at that point yet.