And they know that so I guess all the crypto value in the future will be enourmous.
crypto
valueprice will be enormous
take 2012. lets say bitcoin was $6 and a loaf of bread was $2
bitcoin was 3loafs
fast forward to 2021
bitcoin is $42k (7000x)
.. but.. bitcoin is not 21,000 loafs(7000x)
bread is now $2.50 meaning only 16,800 loaves of bread.
hyper inflation will make bitcoin $2mill.. but it wont buy you 1m of bread.
if inflation peaks at say 10% a year.
at year 10 it only gets you about 350k loaves of bread for a $2m btc, compared to getting you 1m of bread if btc was $2m in 2012 value.
or more specifically.
if bitcoin was $2m today 800kbread
it would be 280k bread in 2031 if bitcoin was $2m in 10 years with 10% inflation.
86k bread in 2031 if bitcoin was $2m in 10 years with 20% inflation.
22k bread in 2031 if bitcoin was $2m in 10 years with 30% inflation.