Pi is a newly developed global cryptocurrency by the …
Pi is a newly developed global cryptocurrency by the creators of Stanford Alumni: Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip.
How much is a Pi worth? The answer that holds no matter the scenario is where Pi is worth the rate of Pi to fiat currency the buyer and seller have agreed to where the good or service has already been purchased.
It is not what a Pioneer is willing to pay for it. That is just someone talking. Once a Pi transaction is complete, that becomes a fact.
While that value of Pi may be true for that specific Pi transaction, it may not be true for many other Pioneers seeking to obtain the same value from their own Pi.
However, the value of Pi is more complex. In order to understand what it’s value should be, you need to understand where it obtains its value from.
Typical traditional cryptocurrencies that have come before Pi obtain speculative value from crypto exchanges once they are listed there. The value that one sees is the demand for that coin based on it’s supply cap, and the demand for it. If more people seek to acquire it, and there is less of it, it’s price will rise as more people buy it, while less people sell it. The price listed is the average of the trades between those that buy and sell within the crypto exchange market.
For Example: Bitcoin holds a lot of value because there will only ever be 21 Million Bitcoin ever created by the year 2140, and there’s even less of it in circulation. At the time of this writing the amount of Bitcoin’s total supply is 18,403,875 BTC. There are over 42 million bitcoin wallets as of December 2019, and about 7.1 Million active Bitcoin users. About 5% of Americans hold Bitcoin. There are about 25 million bitcoin users though globally. However, many of them hold Bitcoin and do not spend it daily. The amount of people that actually use Bitcoin is estimated to be around 5.8 million people.
This is nothing in comparison to Paypal with over 235 million active users, Mastercard with over 639.7 million users worldwide, and Visa with over 1.072 billion active users worldwide.
How many people in the world hold 1 Bitcoin or more? It is difficult to know as what is tracked is only the amount of Bitcoin digital wallets and how much Bitcoin each holds. A person who holds Bitcoin can also hold multiple Bitcoin digital wallets.
Only about 20% of those who hold Bitcoin actually have more than $100 worth of Bitcoin in their digital wallets. There are less than 1000 Bitcoin address wallets that have more than $10 million.
This means a majority of Bitcoin holders, which amounts to around 80% have less than $100 worth of Bitcoin.
I have taken the time to explain this, so that you can understand what is required for money to have value.
The moment you understand that Pi is money, your mentality will shift, and you will value it differently.
It must have a store of value where that value is reliable when it is needed. It must be widely accepted, and it must be useful for many people. Where it can directly provide for such people for things they need such as food, water, shelter, and clothing.
It must have stability and have very limited volatility for the cryptocurrency to be trusted, used, where it is also desired in regard to it being acquired, where people can rely on it for one time and recurring payments.
Pi would need to be useful to millions of people where it can directly purchase goods and services that are needed and wanted for many across hundreds of countries worldwide. Where that global acceptance to use it and accept it fuels the need for it.
Where Pi isn’t the alternative medium of exchange but the primary medium of exchange due to the power it holds. Remember, money is only as powerful as what it can buy. If it cannot buy you anything, it becomes useless. It’s value becomes worthless.
However, if what it can buy grows in diversity in regard to goods and services where economies are built upon the very idea of Pi where it is widely accepted worldwide, then its value will grow as more people seek to obtain it.
Fiat currency due to design follows inflation, which means that the purchasing power of say what $1.00 can buy today will be less years from now in terms of what it can buy later.
Cryptocurrency works in the opposite way, where its value increases over time due to the scarcity of it, in regard to what the average user will hold as decades go by.
Fiat currencies have limitless supplies. That is a fact. Where governments back their sovereign currency that they issue as legal tender within their countries. This is the way Pi must function, yet it must cost us less to use it, where we are also required to use less of it, while still being able to obtain more value.
This way every Pioneer that holds Pi no matter the amount, will have value that can be experienced from it, if they were to use it in an economy that values it.
The economies for Pi should take into account what the average Pi a Pioneer holds in their Pi account. As these pioneers would make up the majority of the users for Pi leading into the future. The interesting part of all this is that the majority of Pioneers are not even here yet…
“Pi’s value comes from its utility. As its utility grows, its value will too. ”
A crypto exchange doesn’t determine how much value Pi holds. People say markets do. However, they forget that markets are built by people. Therefore, a very large amount of people collectively will ultimately decide the value that the public will generally accept for it in regard to Pi’s value.
The value of Pi will be different all over the world. As economies start to emerge, each economy for Pi will begin to value in a way that other economies for Pi will not. This diversity is Pi’s strength. As the ability to earn Pi becomes sustainable, where it’s economies for it become scalable, Pi’s value will increase.
If you want the most for your Pi, then you must seek out the people who will offer you the most for it. It’s that simple.
There is no specific answer to it’s value. However, as it becomes the world’s most widely used cryptocurrency where it becomes the world’s most useful crypto for millions worldwide, its value will only go one way, and that direction is Up.