One may wonder how long it may take for bitcoin to become the world’s dominant numeraire — the underlying unit of measurement of value that we collectively use to price assets and consumer goods.
“The goal is not to accumulate Bitcoin to accumulate more USD or any other type of fiat, but to accumulate a token thathas value on its own.”
Because in the end, we are all Satoshi, even if the real or the real Satoshi showed up, it would not really matter, Bitcoin separates the role of the state and money. That is its intrinsic value, that is its true wealth. We are all Satoshi.
My goal in writing this blog post is not to advise whether you should buy bitcoin, but hopefully to introduce a new perspective on how to think about bitcoin’s value.
Many people tend to forget one thing today: Fiat money is not as stable as it is perceived – Germany alone has had four different currencies in the last 120 years. In contrast, Bitcoin could offer the stability and assurance that other currencies fail to provide:
By considering energy and supply growth, Charles has found an intrinsic link between Bitcoin’s price and its value.
The value of Bitcoin is a function of its energy input in Joules.
You can check out his article here: