/biz/ - Business & Finance

1) A wheat wholesaler sells at $0.076. Wheat is one of the cheapest things being constantly traded worldwide.

2) Assume there is only one world cyptocurrency, which in this case is Bitcoin.

Bitcoin minimum unit should be small enough(mathematically) so that wholesalers can sell their stuff without problem, so:

1 Satoshi = $0.076

However, at 1 BTC = $8857, 1 Satoshi is worth: $0.0000888241

This means that BTC could 1000x from now.

Bitcoin alone is bounded above by 8 million each aprox, if it goes beyond that price it doesn't make sense from an economic standpoint.

Unfortunately there are so many shitcoins around that BTC is probably only worth 2x or 3x in practice lel

If we kill the shitcoins, 1 BTC could reach 10 million USD.