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How Much Will Bitcoin be Worth in the Year 2140?  by@amitejrana
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10,454 reads

How Much Will Bitcoin be Worth in the Year 2140?

by amitejrana.lensOctober 10th, 2022
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Some people call Gold a finite commodity but why not other commodities which are finite too? Is it because of its uniqueness, attractiveness, defines wealth & class and most importantly hedges against inflation making it more significant than other commodities? Will it be more valuable than we have on Earth keeping mining costs aside? Will people prefer buying more of the Gold which is mined on Mars over Earth? If it is a commodity to hedge against inflation with limited supply then people will keep holding as much as they can, with the anticipation of future gains, Will this make bitcoin a Ponzi?

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How much profit will you earn in your life if you keep buying Bitcoin (DCA) or buy a lump sum of it? How much will be the Bitcoin market value in the foreseeable future?


What’s the future of Bitcoin once it stops mining new Bitcoin? How will 21 million Bitcoins play out in the future? What will be its use cases in the future? Is it gonna be future money or a hedge against inflation?


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Some people call Gold a finite commodity. However, is it truly a finite thing we humans have ever discovered? Why do we only care about Gold? Why not other commodities which are finite too? Is it because of its uniqueness, and attractiveness, defines wealth & class, and most importantly hedges against inflation making it more significant than other commodities?


What if someday or some other capitalist successfully lands on Mars and starts Human civilization (a topic for another day) or uses robots to mine some rare metals on Mars and ? Will it be more valuable than we have on Earth keeping mining or other costs aside? Will people prefer buying more of the Gold which is mined on Mars over Earth? Does this make Gold an infinite commodity?


So we may agree to the point that a few things which we considered finite in our observable Universe may actually be infinite. Then what about Bitcoin?


Recently we humans have artificially created something which is finite known as Bitcoin. Let’s assume with the theory of infinity, we have and our clone human species has created something which is a more or less powerful instrument like Bitcoin. Will that make Bitcoin infinite? No way!!! Even if we somehow create a communication system (The Zeus internet) which matches the speed of light, it will still take millions of years to send or receive bitcoin and complete a single transaction and add it to the block.


If humans have artificially created it then we can have many clones of it, right? What makes Bitcoin stand out from other cryptos? Yes we have some clones of bitcoin, tech people call them hard forks but still bitcoin values more and some clones have failed very badly in monetary terms, why is it so? Is it because bitcoin is an OG crypto? Or is it some other belief which is driving the prices and keeps people interested?


Bitcoin was created as a permissionless, borderless, transparent, peer-to-peer network and most importantly a decentralized currency run by decentralized nodes 24/7 without any outage so far which in turn provides us ownership and freedom with our money. However, later it is also seen as a hedge against inflation. If it is a commodity to hedge against inflation with limited supply then people will keep holding as much as they can, with the anticipation of future gains, Will this make bitcoin a Ponzi?


We have recently seen or Ponzi, where prices crashed within a few days and people lost their life savings. Was it a teaser and bitcoin is next? (I am not comparing Luna or GameStop with Bitcoin otherwise bitcoin maximalist bots will attack spam)


The question here is belief, do they all follow the same initial belief and end up in a Ponzi scheme? No!!! Bitcoin is fundamentally very strong (take some time to read ) backed by blockchain technology watched over by millions of people in real-time, used as a cross-border payment mechanism, validated by decentralization nodes by solving complex hash problems () and a lot of more hidden features.


Let’s dive into the Economics of bitcoin, if there is a finite supply of 21 million and as of now the human population is over 7 billion, not every human being will own a whole bitcoin. Thanks to Satoshi for fractionalizing 1 whole bitcoin to 8 decimal points, known as sats. By doing some simple maths, 1 bitcoin = 100,000,000 sats then 21 million bitcoin = 2.1e+15 or around 2.1 quadrillion sats, which would be enough for every single human to own some sats as we are moving towards a .


So why not everyone buys it and accumulates as much as possible with the anticipation of future gains? Well nowadays it is super easy to buy bitcoin with just a click on any soap-sized devices, the real problem comes with the ownership and self-custody wallets. Where bitcoin provides you with ownership of the money and data. Most of the apps which facilitate crypto buying hold the ownership and custody of your crypto. As famously said “Not your keys not your crypto”.


Then why do people rely on them for buying and holding their money? People tend to forget their seed phrase or password to their cold or hot wallet so they use such platforms as a backup. Always remember Nothing is free in life. Everything has a cost to it. If bitcoin provides you with ownership and freedom with your finances then you have to learn how to bear the cost of it.


Ownership and Freedom have a cost, if you don’t have them then you should ask yourself who controls your life. Also, we have to find creative ways to make this cost more efficient not cheap. We do have cold wallet providers like ledger, trezor, etc. but they are expensive to buy also we can’t scale and make them easily accessible to meet over 7 billion population.


It’s a 2-way road, where efficient tech needs to be built around bitcoin and people need to educate themselves to bear the cost of ownership and freedom by understanding bitcoin. We are really super early in understanding the full potential of our future money.




This was more of a philosophical explanation of Bitcoin than a technical one, which you can easily find on the internet to learn more about Bitcoin.
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