yes but inflation if the inflation will kill the value of the fiat currency then after few years the 100k price of btc is same value as 10k now?
you get my point? if the inflation is going up the btc price will move togehter inflation so the purache power getting smaller what is the difference then with 10k and 100k? or the inflation will not go so high ?
How high the inflation goes depends solely on the economical situation there will be at the time. Remember however that Bitcoin's price fluctuates based on way more factors, not just inflation alone. Even if inflation goes up, Bitcoin can still go bearish. This is a kinda mind-boggling subject that simply becomes more of a logical thing once you understand it.
For example, a 1950 $100 bill is worth, according to
in2013dollars, $1,080 today. If we take gold as an example (sorry to those reading who're already sick of this comparison), an ounce of gold was apparently worth $35 in 1950 so $378 if we adjust it to the 1950-2020 total inflation (980%). Yet, at the time of writing this post, 1oz of gold is sitting at around $1,900.
As you can see, although the inflation rate has grown a lot in the last 70 years, we're talking about an ounce of gold worth $378 back in 1950 vs $1,900 today. That's an increase of about 400%.
Going back to my previous answer.. the thing is, you have to just play smart. I'll put it another way:
- Say you have $10k worth of BTC right now. Can you afford a house?
No.
- In a matter of an year, say a crazy recession begins and Bitcoin is going to be used as a safe haven asset, growing along gold and silver. It now becomes worth $100k per unit. Meanwhile, someone cannot afford to pay their debt so they put their house on sale for only $70k. You have $100k - can you afford it
now?
Yes, because Bitcoin's purchasing power has increased.