This is a science fiction. One world wide disaster will bring bitcoin back to 20th or 30th
Oakenshield
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Every cycle, fewer and fewer people can buy 1 Bitcoin
Most millionaires can't buy a whole Bitcoin today because they don't have liquid cash
How many people do you know that have $100K in liquid savings to buy 1 BTC?
They might have assets worth $1M+, but they don't have $ - they have houses, stocks, gold, bonds, etc.
They would need to borrow money to buy 1 Bitcoin
And because they don't understand Bitcoin, they're not borrowing money to buy some - they think it's a gamble
After 2024, a lot of VERY wealthy people are going to start paying attention
Over the next year, they're going to see Bitcoin massively outperforming all of their other assets, and they're going to want a piece
When they see Bitcoin doing extremely well, they're going to get greedy and they're going to borrow against their assets in the legacy financial system to buy some
As more dollars chase Bitcoin, the price will rise to the point where people with $1M of assets won't be able to borrow enough to buy 1 Bitcoin
Then the people with $10M of assets will be priced out
Then the ones with $100M of assets
Then we'll see billionaires who can't borrow enough money to buy a whole Bitcoin
After a certain point, they'll all have to settle for fractions
By this time, every company will very likely be accepting Bitcoin from their customers, because nobody will want dollars
In 2040, buying 1 Bitcoin will be next to impossible for EVERYONE regardless of how much wealth they have in the fiat currency financial system