Putting aside the math for a second, let’s talk about price.

Price is entirely psychology. The price of something is what one is willing to exchange for it.

The price of #Bitcoin is crossing an uncomfortable chasm. $60k is too large for most people to consider buying crazy internet money, but the price of a sat is too small to reason about. People are not good with decimals.

Once we hit $1M per whole coin, a sat costs $0.01. A penny stock. At that price, we’ll stop pricing in tranches of 100M sats, like a one time 1:100,000,000 stock split. Overnight, Bitcoin will go from $1M, to $0.01, keeping the BTC ticker.

At that moment, everyone’s interests are aligned—the hard money advocates and the degenerate gamblers alike. That’s when the real FOMO moon pump begins.

So I don’t expect us to flatten into a pure exponential growth curve (line in log scale) just yet. Personally, I think that happens somewhere between cent/sat and dollar/sat parity.