As the old saying goes “all good things must come to an end” and it appears that Bitcoin is no exception since there is, arguably, a finite amount of Bitcoin in the world. This, of course, impacts its value, but how valuable is Bitcoin? For one Reddit user, it is potentially the most valuable asset in the world.
A recent post on Reddit proposed the idea that Bitcoin is “The perfect asset.” The post has attracted a lot of attention within the online Bitcoin community and received over 389 comments. It is no surprise that this has come as a controversial opinion, however, the original poster, u/dswdswdsw , did give a rationale as to why they believe the popular cryptocurrency to be so valuable.
The highest upvoted comment was from a user with the hilarious name ZombieAlpacaLips who said “21 million, except that they’re divisible into 100,000,000ths. So really there will eventually be 2,100,000,000,000,000 currency units.” To which someone responded “2,100,000,000,000,000 arbitrary units. Theoretically they could be divided more.”
And this was followed by another Redditor who contended the idea that breaking these units down would impact their worth stating “Lightning Network’s base unit is millisatoshi, which is 1/1000th of a satoshi. It goes without saying that dividing something more does not increase its total quantity, it just make smaller pieces of the existing quantity.”
“Bitcoin does not provide any title or ownership rights, and if the private key is lost or stolen, the asset is lost or stolen as well, without any chance to restore. So Bitcoin is far from being the perfect asset” he adds.
Evidently, there is a lot of speculation surrounding the future of Bitcoin and its elusive 21 million limit, but in time we will see how this technology adapts to natural supply and demand.
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