Damus
HODL profile picture
HODL
@HODL
Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”

This is overexaggerated hyperbolic nonsense.

Here’s how to think clearly about the world you will be inhabiting at bitcoin one million.

Let’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now.

That’s a little under 1,000 coins if you’re looking to ball out.

By the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation.

These properties will not sit idle at 25MM though.

They will inflate as well as they are subject to the same market forces.

Likely at a lower rate of 4-5x vs bitcoins 30-50x.

So while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins.

Better than 1,000 coins but still not exactly cheap.

Hamburgers will probably be $15. Shit, good ones already are.
162❤️9🤙28
Amanda · 152w
Nice pic. Aspen is def the right place for the bailing bitcoiners.
Sourcenode · 152w
I imagine there are far more trophy real estate option than there are humans with 100+ BTC 🙂
SMPLTN · 152w
Here is an 11ish yr example of Hodl's point... https://iris.to/note1k59r78puenlnycj9kvxuhqnut7nsrcdnxw7j2vuw2mfpy22rya5sglmtfs
Byzantine · 152w
they say stuff like this because they've heard other people say stuff like this, and it feels very comfortable to repeat things that are said by people who you think are intelligent
nostrich · 152w
As Saylor said, inflation is a vector.
Bill Cypher · 152w
We already know exactly what it looks like. From 10000 bitcoin for 2 pizzas to 120000 sats. Why would the change in relationship be different 10 years from now?
stacktoshi 🚀 ∞/21m · 152w
Hold up, good sir, a Double Double from In-N-Out is still under $5 last time I checked. Barely.
Tony · 152w
I assumed when everything is repriced in Bitcoin it would allow the deflationary forces to work and everything will actually go down in price.
Max · 151w
How long till BTC reaches parity?