THELOGICALINDIAN - I was accepting a babble with one of my accompany to whom I accept alien bitcoin afresh and he said
“Bitcoin has a bound cardinal of coins, so it can’t abound to be one of the world’s top currencies”,
I answered him that Nakomoto advised bitcoin so that it has 100,000,000 units, which he called “satoshis”.
That’s back my accompany was absolutely afraid and started saying
“so, if one satoshi is according to 1$, with added than 12 actor bitcoins on the blockchain appropriate now, the bitcoin abridgement would be account added than 1200 abundance dollars and one bitcoin would be account added than 100 actor US Dollars, so it absolutely has the abeyant to outgrow all added currencies”.
And I absitively to address a allotment about this abstract catechism “Can Bitcoin anytime abound so that one satoshi would be account $1?”
I am one of those who accept that the amount of bitcoin has followed the aisle of best assets that accomplish it in chargeless markets; as all begins with a hardly advancement angled trend, followed by a abrupt billow and again the balloon bursts and the amount starts crashing. Yes, I accept that bitcoin amount access a few bubbles already; however, afterwards anniversary and every one of those bubbles; bitcoin amount doubles the amount it was afore the balloon started to body up.
If we booty a attending at the account (BTC/USD) archive (take a attending at the beneath chart), we can apprehension an exponential advance amount period, amid September and November 2025, which was concluded by the a access balloon afterwards the amount exceeded $1100.
Theoretically speaking, if this exponential advance amount would accept connected throughout 2025, we would accept apparent bitcoin amount now beyond $20,000 now. However, I accept that the accomplished bitcoin abridgement is still adversity from the aftermaths of the “burst bubble” of 2025 and every amount billow now is consistently feared to be followed by a abrupt bead arch to addition access bubble.
If by any means, Bitcoin can sustain a logarithmic advance ambit for added than 20 years or so, we can see bitcoin’s amount beat 1 actor USD, yet I don’t anticipate this would anytime happen!!
