Something to think about...
There are roughly 47 million known millionaires in the world but only 21 million bitcoin...
If bitcoin ever gets adopted on a large scale it has no choice but to go much higher.
The simple reason is math...
(Source: https://www.keepcalmandposters.com/poster/5984905_keep_calm_its_just_math)
There are roughly 47 million millionaires in the world, (probably a lot more that aren't known as well) yet there is only going to ever be 21 million bitcoin.
That means is every millionaire wanted a piece, they could only get less than half of one.
Then when you factor in MSTR and several others owning tens or hundreds of thousands of coins, you can easily see there is a major supply problem if a bunch of people want in.
Everything is setup current, we just have to keep on moving forward.
The next major steps are going to be for several more countries to adopt as legal tender.
When that happens it will force other countries to change their classification of bitcoin, potentially the US's as well.
At that point it becomes a foreign currency, free of capital gains taxes in a lot of places, then what do you think happens to the price?!
Right. In order to meet the supply required, the value would have to go way up. We're assuming that BTC will be the one though.
Excellent points!
Yup! That’s why all the manipulation! LoL
Good point and explanations, but I think it can be possible by educating the youth on the impact of the currency's
Okkkkk that's great