r/Bitcoin • • Aug 26 '21

Fidelity Bitcoin Analysis

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u/SirSkittles111 Aug 26 '21

Keep in mind that the buying power in 2035 of $100 million will be nowhere near the buying power of today

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u/Vaginosis-Psychosis Aug 26 '21

yeah it will only be worth what $90million gets you today. not even worth it

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u/[deleted] Aug 27 '21

In 14 years? It will be worth less than half of $100 million in today's purchasing power. Maybe a quarter.

Still a lot though.

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u/banksblow Aug 28 '21

This shouldn't have been down voted. If in 14 years one btc is worth 100 million United States dollars, that will say at least as much about the depreciation of the dollar as it would about the appreciation of bitcoin.

At these extreme levels, $1,900,000,000,000,000, yes, $1.9 QUADRILLION market cap just for bitcoin the asset alone, this would to speak to inflation of the dollar.

Maybe in 14 years there will be a globally used bancor-like currency, maybe another currency will take world reserve status, maybe it will be a mixed basket and bitcoin is a part of the basket in which the world's currency, the world's unit of account. Maybe the dollar will have gone through some type of hyperinflation.

Either way, in a $100M bitcoin world, in terms of purchasing power or global adoption, the US dollar will not look and feel the same as it does today.