Just some quick and very interesting math. $150 worth of btc today is the worlds smartest insurance plan on the future.

Ticker

1 BTC = $63109.70 USD  (via Coinbase)
1 ETH = $4143.17 USD  (via Coinbase)
1 LTC = $195.64 USD  (via Coinbase)
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Total money stock in the world is currently $84 trillion.

$84 trillion ÷ 7 billion people = $12,000

We wont have 21 million coins in existance for our lifetimes, and I am guessing if bitcoin does end up dominating as global money it will take no more than another 20 years to do so, so lets use a conservative number of bitcoins, taking into account estimates of lost coins. Call it 19,000,000.

19 million ÷ 7 billion people = 0.0027 bitcoin.

In essence this means if bitcoin works and dominates as global money sometime over the next 20 years then 0.0027 bitcoin will purchase the same amount of goods and services that $12,000 purchases today.

$12,000 × 83.33 = $1,000,000

0.0027 btc × 83.33 = 0.225 bitcoin

Conclusion:

Even you hate bitcoin you need to admit that no one knows what the future holds. So there is no way of knowing if bitcoin will work or not.

Think of bitcoin ownership as insurance on the future.

Today you can purchase 0.225 bitcoin for $1460.

If bitcoin dies well you lost some money but it wont affect your life drastically, but if bitcoin works you have guaranteed yourself a $1 million dollar "equivelant" fortune.

Today you can purchase 0.0225 bitcoin for $146.

If bitcoin works this would give you an amount of bitcoin in the future that would purchase the same as $100,000 does today. If bitcoin dies you lost $146, so what.

I know people may pick holes in this math and subsequent conclusion. But my point remains the same.

Owning even a tiny amount of bitcoin today like 0.0225 btc is insurance on the future.

Even if I thought bitcoin would never work it would be stupid of me not to buy $150 worth just incase I was wrong.

submitted by /u/slvbtc
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $63109.70 USD  (via Coinbase)
1 ETH = $4143.17 USD  (via Coinbase)
1 LTC = $195.64 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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