What would be the impact on those who have never participated in Bitcoin if it really reached $1 million?

Captain says: Bitcoin at a million dollars? Can we escape exploitation? (Part Five)

The captain believes the logic is as follows:

Massive issuance of fiat currency --> Inflation, devaluation of fiat currency --> People flocking to gold, Bitcoin, etc. --> Resulting in Bitcoin skyrocketing to $1 million

If you do not hold assets that retain value, such as gold or Bitcoin, you will be consumed by inflation, losing the purchasing power of the fiat currency in your hands. It is not Bitcoin that exploits you; it is the excessive issuance of fiat currency that exploits you. Bitcoin provides a new way to escape exploitation.

If it really reaches such an exaggerated level of $1 million, the market cap would be about $19 trillion... close to the market value of gold. Not participating only means bearing the losses from fiat currency inflation. Beyond that, the impact is not significant.

The captain concludes that fiat currency has no lower limit, while Bitcoin has no upper limit. Those without Bitcoin are essentially working for and paying taxes to those who own Bitcoin.

Bitcoin fights against fiat currency; this is a war game without gunpowder, and it has long begun. No matter who you are, whether you know or care, you are either actively or passively participating in this game.

I hope everyone will take it to heart, carefully read the captain's article to understand its true meaning, and I also hope that those who understand the captain's article can give a little support to the captain. The amount is not important; what matters is the intention, which is also the captain's motivation to keep going. $BTC