That's the current value of BTC compared to USD quantity. There are less BTC, which makes it more valuable when the tables turn. 1 once of gold is worth more than 1 USD too.
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That's the current value of BTC compared to USD quantity. There are less BTC, which makes it more valuable when the tables turn. 1 once of gold is worth more than 1 USD too.
It ought to, it costs a few hundred dollars an ounce to produce gold. If the tables ever do turn I think Bitcoin has a number of limitations that may prevent it from being a dominant currency. A cryptocurrency may someday in the future be the dominant currency but it won't be for a while and I doubt it will be Bitcoin. Maybe it will be STEEM eh?