re: Reply To: Bitcoin $100,000. Not if – but when
There will eventually be 21 million. But many experts estimate about 4 million have been lost from the early years never to be retrieved again (lost hard drives, sloppy safekeeping). We have mined 18 million total with a decay rate of 50% every four years so that the last 100 years of mining to reach the end-point. In our lifetimes count on 20 million total – less 4 million so effectively 16 million full bitcoins. Broken into 100,000,000 satoshis, what will the price per satashi?
When designed, the creators figured each might be worth 1 million each which makes each satoshi worth about 1 cent at that point. However, they might have needed 9 decimal points if the price reaches $10 million each.