1/ Introducing my new series: INSIDE THE EVENT HORIZON with @MimesisCapital
THREAD #1
Why is One Bitcoin Worth $18,000?
THREAD #1
Why is One Bitcoin Worth $18,000?
2/ $330,000,000,000 (330 BILLION DOLLARS)
That’s the total current value stored on the Bitcoin network, and it is likely undervalued by 200x-1000x (or more).
That’s the total current value stored on the Bitcoin network, and it is likely undervalued by 200x-1000x (or more).
3/ In 2009, not a single Bitcoin existed. Today, over 18 Million of them exist and each one is worth $18,000 (18.5 million x 18,000 = 330 Billion Dollars of Value).
How is this possible?
How is this possible?
4/ $18,000 is roughly the “market” price of a Bitcoin. This does not mean that everyone views Bitcoin equally. Some people see Bitcoin as being worth nothing, some people see Bitcoin as being worth around $18,000, and some people see a single Bitcoin being worth $10,000,000+.
5/ All value is subjective to each person throughout the world. Each person has the opportunity to buy, sell, hold, or do nothing with Bitcoin everyday they wake up, whether they are consciously thinking about it or not.
6/ Some people say Bitcoin is money, Bitcoin is digital gold, or Bitcoin is currency, but no single comparison fits Bitcoin perfectly.
Bitcoin is Bitcoin.
Bitcoin’s unique characteristics make it unlike anything we’ve ever seen before.
Bitcoin is Bitcoin.
Bitcoin’s unique characteristics make it unlike anything we’ve ever seen before.
7/ Bitcoin is the ultimate SAVINGS TOOL. It’s what you use to save your wealth for the future.
Unlike other savings tools, like gold, dollars, euros, stocks, or bonds, Bitcoin is the superior tool for preserving your wealth without counterparty risk for the long run.
Unlike other savings tools, like gold, dollars, euros, stocks, or bonds, Bitcoin is the superior tool for preserving your wealth without counterparty risk for the long run.
8/ More and more people are beginning to understand this idea, and it makes for a reasonable explanation of why the price of Bitcoin tends to keep going up, violently, over and over again.
9/ This is just the beginning of what Bitcoin will become.
Since Bitcoin is the ultimate SAVINGS TOOL, it simply has NO price top. Even at full adoption, it makes sense to use Bitcoin as a SAVINGS TOOL.
Since Bitcoin is the ultimate SAVINGS TOOL, it simply has NO price top. Even at full adoption, it makes sense to use Bitcoin as a SAVINGS TOOL.
10/ It is highly possible that we have no idea how valuable a single Bitcoin will be worth.
It is my guess that even the most bullish price targets are wrong by orders of magnitude.
It is my guess that even the most bullish price targets are wrong by orders of magnitude.
11/ If you want to read the full report on why #Bitcoin is worth $18,000, then checkout this medium post from @MimesisCapital.
In next week's report, I will go MUCH further inside the event horizon. Reply or DM specific topics you’d like me to research.
mimesiscapital.medium.com/why-is-one-bit…
In next week's report, I will go MUCH further inside the event horizon. Reply or DM specific topics you’d like me to research.
mimesiscapital.medium.com/why-is-one-bit…
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