Hal Finney predicted that bitcoin could become the global dominant payment system at $10 million per coin (Finney’s calculation would be closer to $40 million today), so it’s not too late to start using bitcoin.
How much bitcoin does it take to get rich and fund your lifestyle? How little bitcoin does it take to protect yourself against inevitable inflation, bank runs and fiat demise? Are you “too late” to Bitcoin? What would a 1% allocation do?
These are questions that newbies and veterans of Bitcoin alike ask themselves and each other and, oftentimes, there isn’t a clear answer.
Let’s provide a solid framework to answer that question.
THERE IS NO ‘TOP’ FOR AN IMMUTABLE MONEY STANDARD
January 2009 was BTC‘s first price prediction. Hal Finney predicted that bitcoin could become the global-dominant payment system, or $10 million per coin (Finney’s calculation would be closer to $40 million today). But bitcoin would not surpass $1.00 until April 2011… Over two full years later.
What Finney understood is that upon the invention of perfect money all global wealth would inevitably consolidate into it. Henry Ford, Nikola Tesla and others also foresaw this.
A closed (monetary) system inevitably absorbs all open (productivity) systems. Money is the technology that prices everything else within its own ledger. There is no “top” price prediction for an immutable monetary standard of the human race, the standard.
Due to the growth of Bitcoin, several U.S. cities have emerged as hotspots for bitcoin enthusiasts; these are the five best.
You can read more about this topic here.
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