MultiversX Tracker is Live!

The Bitcoin Loaf... How much is a bitcoin worth?

Bitcoin Reddit

More / Bitcoin Reddit 90 Views

People frequently inquire about the price of Bitcoin and its potential for growth. We come across various forecasts ranging from the current value to millions and beyond. Yet, a recent realization dawned on me. Our pursuit isn't truly centered around the monetary value of a single Bitcoin in dollars. We are already aware that one Bitcoin is inherently valued as 1 Bitcoin, or equivalently, 100,000,000 satoshis. The true essence of our curiosity lies in what I like to term as the "The Bitcoin Loaf." Essentially, we are intrigued by the future scenario where global economies shift away from the US dollar and all unsupported fiat currencies. In this context, we wonder: How many satoshis would it take to purchase a loaf of bread? What tangible worth will my one Bitcoin, amounting to 100,000,000 satoshis, hold in the real world? This, indeed, is the authentic inquiry driving us. It's important to remember that when Bitcoin eventually attains its genuine value, conventional US dollars or any similar currencies will cease to exist for comparison. In essence, the paramount question is: How many satoshis constitute the value of a loaf of bread? This eclipses the query of the dollar value of one Bitcoin.

submitted by /u/LiquidLuck1990
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments