Divisibility = Flexibility
People often posit questions like "how high could BTC go before it becomes unrealistic to be used in any meaningful way to transact or transfer wealth?"
To me, divisibility is the answer.
BTC is divisible down to 8 decimal places. That's 8 "0's" after the decimal point.
So if you were to write the true value of a dollar it is $1.00 and if you were to write the true value of a BTC it is B1.00000000
If we're transaction in whole units the additional zeros are basically pointless...
But if we're looking at an increasing value of BTC against products and services, we need to be able to "break it down" into spendable chunks.
BTC is broken into "chunks called "Satoshi". One Satoshi worth of BTC looks like this B0.00000001 and ten satoshi looks like this B0.00000010 and so on.
So one BTC is one hundred million Satoshi
If each Satoshi were equivellent to one cent in todays money, that would put the price of a single BTC at $1M
So to answer in very quick math as to how high BTC could realistically go and still be used as money like we use dollars today... The answer is $1,000,000
Obviously, there's more to consider than just this aspect, transaction fees and confirmation time being the most obvious, but on a like for like divisibility comparison, BTC can go to a million dollars each and still be used as money as we think of it today.
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