One day BTC will be $100 000. each. The question is How much will a cup of coffee cost at the time?
- smart contract
- transaction fee Blockchain
Central banks are propping up stock markets while world dept is increasing. Another crash is coming which will be far more severe then in 2008. Hyper inflation may have kicked in as money starts to pour into Bitcoin.
Or will it be years for Bitcoin to hit this price that the yearly 10% "real" inflation, would have made every day shopping assentials, really expensive............
So how much will a cup of coffee "cost" when Bitcoin hit $100 000 each?
My best guess is that a cup of coffee still costs about the same. Looking at where we are now, $100k BTC isn't that far away. It could even happen in 2020, so I am not inclined to only see this possible in an endrutng inflation scenario.
Whilst I don't necessarily agree with the $100,000 BTC premise, due to all the blockchain competition, I do agree that hyper-inflation of the US dollar is merely a couple of years away. So a cup of coffee might be worth $US100 one day and $US125 the next.
However, I would suggest that were this to start happening, we might quickly get a run of new nationalized cryptocurrencies released, probably backed by gold. A currency reset so to speak.
Again, more competition for Bitcoin.
Given the picture you painted , I think it is not all that easy to say how much a cup of coffee would be. However, a cup of coffee and other items will be in proportion to the rate of inflation.