What selling USD for Bitcoin looks like
People always obsess over how much USD they can get for their bitcoin, but what if it was the other way around?
What if people started looking at things from a bitcoin perspective instead?
As bitcoin investors know, once you go down the bitcoin rabbit hole, you really never come back out.
Things that were once fun to you before bitcoin are no longer fun to you.
Holding that paper money and trying to land that job that pays you more of that paper money suddenly don't seem that appealing anymore.
Once you make that leap from fiat to bitcoin, the returns look something like this:
(Source:
)https://twitter.com/Bitcoin/status/1366824432212172800/photo/1
- Bitcoin
What if instead of saying bitcoin was worth $50k, we said the US dollar was worth 0.000020 BTC?
That may sound crazy, but I think that day is probably not too far off.
As the settlement layer for financial networks, things will eventually be priced in bitcoin.
One bitcoin is always one bitcoin and the inflation rate, or rate of new issuance, is minuscule compared with the USD.
For that reason pricing things in terms of bitcoin is actually less volatile than pricing things in USD.
Who would have thought?
That day will only come when enough people have gone down the rabbit hole to where the US dollar is no longer the benchmark for pricing things.
We are the early ones.