I was having a thought experiment and was curious on what other opinions you guys had: what will our society look like when Bitcoin is priced at one million USD?
Sure it would be headlining financial news, but by that time, people will be desensitized every time it hits $100k, $500k, so on.
The level of adoption based on UX and education will be more relevant to the ordinary person than its price per se, which I hope will grow exponentially in the decades to come.
For me, I would still have significantly more to go to become a millionaire but it would still help with the down payment for my first home, or pay off a mortgage if it miraculously got approved by that time.
Reflecting back on my own past (and my current non-bitcoiner friends), news about Bitcoin had zero relevance to me at every single bull run. Every time I said things like “I missed the chance”, or “it has no real application to me right now” and continue to see no reason to explore alternatives to fiat currency. The fiat mindset is literally ingrained in our brains from such a young age - that will slowly start to change as bitcoin education gains traction. So we will probably see true mass adoption (although $1 million price tag might arrive sooner) take generations from now, i.e., 15-30 years. Why I say 15 years is because 2009 babies will be 30 years old by then and covid babies 19 years old, assuming a larger generational shift in monetary mindset.
Interested in hearing your thoughts.
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