0.01 Bitcoin for a house sounds crazy 1,000,000 Satoshis do | Rajat Soni, CFA on Binance Square

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Rajat Soni, CFA

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0.01 Bitcoin for a house sounds crazy
1,000,000 Satoshis doesn't
0.0005 Bitcoin for a car sounds ridiculous
50,000 Satoshis doesn't
0.000001 Bitcoin for a week of groceries sounds idiotic
100 Satoshis doesn't

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4 years ago, @nntaleb presented an 18 minute keynote about why Bitcoin is worthless He finished the keynote with the equivalent of "Trust me bro" 😂😂😂😂

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Eventually, NOBODY will want to hold on to US Dollars for their long-term savings That's when hyperinflation happens USD Hyperinflation hasn't happened YET because there weren't any better options before 2009 Gold sucks as money in a digital economy But now there IS a better option Study Bitcoin

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You are still early if Bitcoin is being sold for US dollars 1 BTC = ♾️ USD Even the price of apples goes up over time and apples grow on trees 😂😂

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The real estate market is crashing when priced in Bitcoin The price of a median house in the US is at an all-time low of 3.66 BTC We're going to see it go much lower from here At one point it cost 600,000 BTC to buy one house

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Nobody is bullish enough on Bitcoin because nobody has seen the monetization of an asset in real time Some people sold under $100K because they thought it was over They will regret it their entire lives when they can only buy back a fraction of what they sold when they finally figure it out The next decade is going to shatter so many egos For Bitcoiners it'll be fun to watch because this growth has been so predictable For anyone without Bitcoin? I think the REAL panic will start at $1M+

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