WCP: Bitcoin What is it and Why is it Important?

WDM: The reality of Money [as more than a paper token] is tied to “a respect for science”.

a. 1BTC = Status Symbol (Veblen Good)

b. 1BTC = 3/1000 richest in the world (0.003). This makes you an “Ultra-High Net worth” individual (have + $30 million in assets) which, currently, means that you are a shareholder in 11.3% of (all) global wealth.

c. 0.28 = 1%’er in a bitcoin world (regardless of the “price of BTC”)

The price will reach $100k per BTC {interviewer – technologist less inclined to “speculation”; immediately focused on Etherium and its use cases - hedidn’t answer but spoke of how BTC becomes the safe haven in hyperinflated states; also his predications about mining after the halving has also been undermined from the time of his interview in April increased 50% from the $6k that it was at the time of the interview; He also admits that it is like gold and silver as an insurance policy against fiat currency failure} no earlier than 2021 and not later than 2028 [which means you’re in the top 10% of wealthiest people and are sharing in 84% of global wealth.] And after 2028 the price will never drop below $100,000.

The price will reach $1Mill. per BTC no earlier than 2028 and not later than 2037. And after 2037 the price will never drop below $1Mill.