Part 2/12:
The presentation starts with an intriguing fact: if Bitcoin ever reaches a value of $1 million per coin, then a single Satoshi (the smallest unit of Bitcoin) would be worth just one cent, and 100 Satoshi would equal a dollar. This hypothetical underscores Bitcoin's potential to revolutionize micro-payments, enabling transactions at the scale and cost previously impossible with traditional fiat currencies. It’s not just about the current price but understanding a potential future price helping to shape long-term investment strategies.
Categorization of Bitcoin Holders: The Animal-Based Framework
To analyze wealth distribution, the presenter introduces a unique animal-based cohort classification, which has gained popularity among Bitcoin enthusiasts:
- Krill: 0 to 0.1 Bitcoin