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Whats the purchasing power limit of btc
Always wondering with this, if btc will behave relatively like gold, itll be a great hedge against currency depreciation like we see with the USD right now actually, but how exactly does that translate into increased purchasing power? Hypothetically, if the dollar goes bad and 1.000.000 dollar = 1 dollar in purchasing power in the future, meaning youd need a lot more dollars for the same goods, then btc is worth „a lot“ in fiat presumably. However if no new value i.e. users, use cases etc. Is added to the network, then how exactly does that translate to a higher purchasing power for coin holders? Wouldnt it just be worth the same in all the other currencies as before in terms of pp? submitted by /u/That-Newspaper-4019 [link] [comments]
Always wondering with this, if btc will behave relatively like gold, itll be a great hedge against currency depreciation like we see with the USD right now actually, but how exactly does that translate into increased purchasing power?
Hypothetically, if the dollar goes bad and 1.000.000 dollar = 1 dollar in purchasing power in the future, meaning youd need a lot more dollars for the same goods, then btc is worth „a lot“ in fiat presumably.
However if no new value i.e. users, use cases etc. Is added to the network, then how exactly does that translate to a higher purchasing power for coin holders?
Wouldnt it just be worth the same in all the other currencies as before in terms of pp?
[link] [comments]
