Let me ask you a few more questions if you don't mind. And again, I'm asking for the sake of wisdom and I don't mean disrespect to anybody.
I know, but that doesn't solve the problem of the value, even if we start using satoshis. If the value of the total 21 millions is around 2 billions, that's not enough money for rich or banks to move their money over this currency, because there is not enough BTC to do that.
We hope not!
Why do you? Honestly, I'd like to know. I just don't think is that possible because it has never happened with any other currency in the world (1 currency = $100,000), why would it happen to BTC? (I hope you are right
Is the value of gold = combined sum of net worths of everyone in the world? Nope? I guess Gold as a mechanism for storing wealth has "failed" too.
How can you come up with $100B? is the 21 millions btc = $10B, why is $100B in annual transactions? Sorry, but I have no idea how that works.
Or, the other way around, if you want 2100000000000000 Satoshis * 0.001 USD = 2.1 trillion USD
There is more money in circulation than 2.1 trillion USD. Maybe something like 21 trillion, actually. So yeah, with 1 satoshi you would buy what you can buy now with 0.01 USD.
so, are you guessing that bitcoins can reach the ratio 1 BTC = $100,000?
But it seems more believable to see that a $0.014/BTC can reach a $10/BTC in the future than a $14/BTC becoming a $14000/BTC.
Again, it's just "hard" to believe that if you have a wallet of 10 BTC ($140 today), that can become (in the future) a $1,000,000
thank you all!
B.