Bitcoin is a NgU technology. If you’re not in the Bitcoin world, you’ve probably never heard of this acronym. NgU stands for Number Go Up. Since its inception, the price of Bitcoin has risen from less than a few cents to nearly $60K on February 21, 2021.
At the time of writing, the price of Bitcoin has undergone a correction that puts its price around $33K.
Bitcoin price has increased by +68,000,000% since its creation. You have read this correctly. In just over twelve years of experience, the price of Bitcoin has seen a phenomenal increase:
The most incredible thing is that Bitcoin has reached this price of $33K when just 1% of the world’s population (at most) owns Bitcoin. This means that 99% of the inhabitants of the Earth may still become Bitcoin users in the future. Imagine the upside potential this implies for Bitcoin.
If the gold market cap, around $10T, is the next target for Bitcoin in the next decade, the next step will be even more phenomenal. Ultimately, it is a market cap above the $100T that Bitcoin can reach. As Bitcoiners have been saying all along, Bitcoin will end up eating everything in its path.
With a price of $33K today, many people end up saying that Bitcoin is too expensive for them. De facto, they cannot embrace the Bitcoin revolution. If these people think that today, imagine what they will say when Bitcoin reaches $100K by the end of 2021.
For all those people who think that the price of Bitcoin is too high, I have only one piece of advice:
You have to stop thinking about buying BTC to focus on buying and accumulating Satoshis.
What is a Satoshi?
Satoshi is the smallest unit of Bitcoin. This unit was named after the creator of Bitcoin, Satoshi Nakamoto. We have the following equivalences:
1 BTC = 100,000,000 Satoshis
1 Satoshi = 0.00000001 BTC
Bitcoin is therefore divisible up to eight digits after the decimal point. This exceptional divisibility of Bitcoin is your best ally.
Many opponents of Bitcoin say that the fact that there can only be 21 million BTC will be a problem in the future because there will not be enough for everyone. Rather than seeing things this way, you need to start thinking in Satoshis. In the future, talking on Sat rather than in Bitcoin will become the norm.
Thus, the number of units available in the Bitcoin system is 2,100,000,000,000,000 Satoshis. This gives many more possibilities for all the inhabitants of the Earth to own units that can be used on the Bitcoin network.
The number of inhabitants on Earth is currently 7.8 billion according to the latest UN estimates. This gives 1 BTC for every 371 inhabitants of the Earth.
By reasoning already in Satoshis, each inhabitant of the Earth can theoretically own a little more than 269,230 Sat. Of course, the distribution will not be done this way, since people who believed in the Bitcoin Revolution before others will have far more Satoshis than others.
Nevertheless, this shows you that buying and accumulating Satoshis today will change your life in the future.
As I write this, here is the number of Satoshis you can buy for :
- $1 — > 3,021Satoshis
- $10 — > 30,205 Satoshis
- $100 — > 302,054 Satoshis
If buying an entire BTC at $33K is no longer affordable for the majority of people, buying 3,021 Satoshis is within the reach of many more people. In the Bitcoin world, the automatic Dollar-Cost Averaging (DCA) approach is the best strategy.
This approach can be followed by focusing on Satoshis. Seeing the number of Satoshis you own progressing faster will certainly motivate you more than being able to buy “only” 0.000021 BTC with $1.
It’s the same thing, but it’s all a question of psychology here.
By focusing on Satoshi, you will very quickly arrive at the number of 269,230 Sat to own to have more Satoshis than every human can theoretically possess on Earth if the 2,100,000,000,000,000 Satoshis were distributed equally among the 7.8 billion inhabitants of the Earth.
Today, you need $126 to buy these 387,461Satoshis.
When the price of Bitcoin reaches $100K, your 269,230 Satoshis will be over $269. In the future, if the hyperbitcoinization of the world occurs, we will end up with the following equivalence:
1 US Dollar = 1 Satoshi
The Bitcoin price would then have reached $100M. Your Satoshis would be worth close to $270K. Nevertheless, if this would happen, Bitcoin would have become a globally supported medium of exchange, and even a unit of account. At that point, you will no longer need to exchange your Satoshis for US dollars.
You will be able to use them directly in your everyday life.
There is no guarantee that it will come to that, of course. However, the main purpose of this article was to make you aware that the price of Bitcoin cannot be too expensive for you. If this is the case, you need to change your way of thinking. You need to think about Satoshis to embrace the Bitcoin revolution
You will make the divisibility of Bitcoin your best ally, which will allow you to change your future in terms of money.
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