There are two big questions.
How would the price tag of Bitcoin rise?
How would Bitcoin investors manage the resources?
While finding answers to the above questions, please remember that the resources of the planet are limited!
Do you have any real clue how the investors of cryptocurrency would manage to arrange the hiked price?
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Money is sweeter than honey
It does not matter how you get it. "Good" people get it by hard work, and "evil" people get it through dishonest paths. You can do a lot many things with it. Money earned by hard work can work like magic to you and society.
Most of us think we can earn money from the stock market.
Now we have started to think that we can continue to earn more money by investing in cryptocurrencies.
But, how the excess money would come into the market?
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How would more money come into the hands of the people?
Bitcoin and other cryptocurrencies are digital money. Cryptocurrencies are not directly/indirectly linked to real-world resources.
The price rise of Bitcoin sounds pretty attractive. But, how the excess money would come into the market?
That is why investors get into problems when they can't sell the Bitcoins they badly wanted to sell!
This situation often happens just after the rise of Bitcoin prices.
It is pretty natural that people are not interested in buying Bitcoin at a higher price.
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Money can be saved and can increase
Money can be saved in banks or can be invested in share markets etc. You are interested in bank deposits. Investments in share markets sometimes give good returns. After long years all these deposits and investments can yield huge growth.
But, can you save energy?
This is the most important question.
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Energy can be saved but can't increase
The total energy stored on this earth is conserved. The amount of coal and oil reserves are limited. Energy can't increase by storing (depositing) it in a reservoir (bank) because energy storage does not give any "interest" as in the case of money in the bank.
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Money means power, but it can't drive life without energy
If you have money, you can buy many things. You can purchase energy, i.e., coal, oil, electricity, etc. Money in the bank gets multiplied by compound interest. Money increases mean your power also increases. Thus, more money can buy more energy resources.
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The total energy reserve on the earth is getting exhausted
The world population is growing. The energy demand is rising every day. Energy consumption is increasing steeply. Scientists predict that the earth's stored coal and oil energy resources will be consumed entirely in about a hundred years. But, money "power" of the would increase a lot by that time. People would have money, but no conventional energy resources would be available for purchase after a hundred years.
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Growth prediction by economists are only financial growth
The earth is aging, and the conventional energy resources are getting exhausted continually. Economically, the world's wealth (money) content will continuously increase at a very high rate. But, the earth is decaying day by day. Unless efficient alternative and renewable energy devices are developed, everyday life will face a severe energy crunch. However, our generations will not be surviving after a hundred years or so.
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The same is true for Bitcoin and other cryptocurrencies
The rise of Bitcoin price is real. But, the digital rise of Bitcoin price is a digital growth of digital assets.
Unless the total energy resources are increased, the computational increase of money, fiat or cryptocurrencies, has minimal effect.
There will be more money in the banks or the digital wallets.
But, there will be no buyer for that increased value of the money.
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Economists wouldn't like to accept ground realities
Economic forecasting is a theoretical happening. The growth of money in the bank and digital wallets are not linked to any real-world resources.
The hard fact is that the increased value of money can't increase real-world resources.
The total resources of the planet earth are conserved.
Moreover, the oil and coal resources are getting exhausted.
Although renewable energy, such as solar photovoltaics and wind energy, may give some support, the energy demand is greater than the energy available on Earth.
The question of sustainability with the high demand would pose a daunting challenge.
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Bringing it altogether
Money can be saved and can be increased. It is true for both fiat currencies or cryptocurrencies.
Energy can be saved but can't be increased. The total energy stored on this earth is conserved (limited).
Money means power but it can't drive life without energy. The total energy reserve on the earth is getting exhausted.
This universal truth applies to Bitcoin and all other cryptocurrencies and the fiat currencies in the bank accounts.
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Originally posted on Publish0x.
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