Very good explanation colleague! You commented last about the halving every 4 years and its limited number of coins. This explains very well why in the Bitcoin long term there will always be deflation instead of inflation. In fact these cuts every 4 years are probably the ones that cause the BTC bull cycles up to very high prices, then deflate and take position at its relatively real value, until the next cut occurs. I read this in a post here in Leofinance, I don't remember the author, but he explained that by 2029 based on current numbers and percentages, BTC could be worth more than $3M by then until the last cutoff. Knowing the movements and capacity of BTC, I think it is not far fetched at all. Best regards colleague!
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The $3 million valuation sounds crazy on the surface, but when you dig a little deeper into the numbers you'll soon see that it's totally attainable.
When I'm asked by crypto-n00bs how much I think Bitcoin will be worth, I always just say the arbitrary $1 million dollars.
It always gets a laugh and I usually just go along with it.
But in all seriousness, when you take into account institutional flows and coming supply side shocks, the $1M number is actually a very conservative valuation.
Stack your sats and put that Bitcoin away in cold storage :)
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