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Revealing BTC Future Value Through Buying Power

Discover why measuring buying power is the key to understanding Bitcoin's potential in the ever-changing financial landscape.

Author

Don Ranalli
May 17, 2023

👋GM Valued Readers,

The question on many people's minds is the potential future value of Bitcoin on a specific date. This question was posed to me by Troy during the latest episode of our podcast, and after taking a moment to gather my thoughts, I provided my genuine response.

In my opinion, attempting to estimate the future price of Bitcoin solely based on its value in today's US dollars is flawed. Disregarding the current benchmark currency when making predictions for the distant future, including the year 2140 when the last Bitcoin will be mined, is impractical. It's highly probable that the US dollar may not even be the world's reserve currency by then.

Instead, it is more useful to consider the buying power as a measurement of Bitcoin's value rather than its worth in US dollars. Over the relatively short span of 14 years since its inception, Bitcoin has experienced a remarkable surge in buying power. The most significant attribute of Bitcoin lies in its capacity to preserve and increase value. Once you alter your perspective on value and adopt a more forward-thinking approach, Bitcoin will start to make more sense, eliminating any excuses for not including it in your investment portfolio.

Always bear in mind that if you keep your Bitcoin on an exchange, it does not truly belong to you. It is crucial to thoroughly research and explore self-custody options that align with your preferences and select the most suitable one.

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