It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it’s worth 97 cents). – Erik Voorhees

It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it's worth 97 cents). - Erik Voorhees submitted by /u/Fly115
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Bitcoin – The Currency of the Internet

The $1 dollar backed tether (USDT) is now worth less than 97 cents.

This is about price but of a different thing. People are willing to sell USDT for below $ 1. They would rather hold "actual real money"TM rather than bitcoins or so called stablecoins. This is telling. If someone wanted to exit USDT why don't they just buy bitcoin or any coin for that matter instead of selling USDT at a loss?

https://cryptowat.ch/markets/kraken/usdt/usd/5m

submitted by /u/i_gotta_say
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Bitcoin – The Currency of the Internet

If the USD continues to expand at its current decade-long pace there will be more US cents than Satoshis within the next ten years.

Currently there are about $ 0.008 of US M2 money stock per Sat (~$ 14,000,000,000,000 / 1,700,000,000,000,000 Sats)

If the US M2 stock continues to expand at around 6%/yr like it has for the past decade we should achieve 1 US cent per Sat within the next ten years, with my current estimate falling just before the halvening-after-next that occurs in 2025/2026.

Current monetary inflation rates for each are USD ~6% / Sats ~4%.

Here is a chart of US M2 money stock growth since 1980, provided by the Federal Reserve Bank of St. Louis.

https://fred.stlouisfed.org/series/M2

submitted by /u/gta3uzi
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Bitcoin – The Currency of the Internet

So far I’ve made 42 transactions on Lightning Network, and it has cost me 600 sat (channel open) and about 120 sat in routing fees. total of 720 sat, or 4.9 cents. Virtually no other alt-coin can compete with these costs.

So far I've made 42 transactions on Lightning Network, and it has cost me 600 sat (channel open) and about 120 sat in routing fees. total of 720 sat, or 4.9 cents. Virtually no other alt-coin can compete with these costs. submitted by /u/Legitinternetguy
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Bitcoin – The Currency of the Internet