BTC

[honey badger]

if 1 million pre-mined Satoshi Bitcoins in todays value of $55,000 where given to 1 billion people how much would each person get ? and if those billion people cashed it in, would it crash the price or cause it to go up ?

 

[SkyWriting]

if 1 million pre-mined Satoshi Bitcoins in todays value of $55,000 where given to 1 billion people how much would each person get ? and if those billion people cashed it in, would it crash the price or cause it to go up ?

It's REALLY hard to say.
God does not provide us with details, except on on occasion when praying, if it is His will.

 

[timewerx]

if 1 million pre-mined Satoshi Bitcoins in todays value of $55,000 where given to 1 billion people how much would each person get ? and if those billion people cashed it in, would it crash the price or cause it to go up ?

I think first it will drive the price of bitcoin up and then crash (but not go all the way down to zero) when people cash it in. It will finally quickly stabilize to a certain price.

How much would each people get depends on how much the price goes up.

Otherwise, it's just like another volatile day as usual for bitcoin.