Keen to learn and start my journey, a question though;

I hope this is okay to ask and I am learning so if my understanding is flawed I’d be more than happy to be corrected!

Bitcoin has an ultimate ceiling of coins in circulation. These can be broken down and the smallest transacted decimal is 0.00001 which is a Satoshi.

Given historical currencies that have been pegged to an asset, Gold Standard being the best documented ones, have failed when the ever increasing borrowing either restricts economic activity to the point it collapses an economy or pushes the asset price so high it become untransactable, what’s the view of Bitcoin into the future if it is a sole entity?

As in, let’s say right now a Satoshi is £0.25 for easy maths. A whole chicken is £4.00 so 16 Satoshi’s. When the value of Bitcoin increase due to its limited supply and a Chicken is now worth half a Satoshi, I would have to buy two chickens in order to transact.

This issue gets more pronounced over time. Is it possible to further divide the currency over time? If yes, does Bitcoin lose its functional difference vs FIAT?

I’m trying to make sense of the use case alongside the functional hot/cold wallets, whether it’s attempt mining etc as well.

Thanks in advance.