When people say 1 Bitcoin equals 1 Bitcoin…
https://ift.tt/HCjoS4U
When people say 1 Bitcoin equals 1 Bitcoin they are really saying that 1 Bitcoin will NEVER be less than 1/21 millionth of the Bitcoin supply.
This is not trivial, because the same cannot be said about any medium of exchange where control over the supply is centralized to decisions made by the few.
For a real example, take $1 million USD when compared to the [M2 USD Supply](https://ift.tt/SOYrC2s
United States Dollar (M2 supply):
1962: $1 million = 1/343,100th of the M2 USD supply
1972: $1 million = 1/738,400th of the M2 USD supply
1982: $1 million = 1/1,869,700th of the M2 USD supply
1992: $1 million = 1/3,399,700th of the M2 USD supply
2002: $1 million = 1/5,520,600th of the M2 USD supply
2012: $1 million = 1/10,319,800th of the M2 USD supply
2022: $1 million = 1/21,638,100th of the M2 USD supply
As you can see, $1 million USD is already less than 1/21 millionth of the M2 USD supply. And descent does not seem to be slowing.
Cryptocurrency
