BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
BTC big picture (log scale) including halving.

Merry Christmas 2020!
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Comment: If it happens there should be 3 waves as I see it right now. 1. 68K, 2. 288K and 3. 2.5mln. Amazing how it did fit before.
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Comment: I think this is my realistic call.

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So... A market cap of 50 trillion? Or half the whole world stock markets cap - which most of is debt which cannot be created with crypto as "limited supply no inflation".
Yep, makes perfect sense.

You are right nothing is 100% I would say this has a certain probability to happen.
0% IS a certain probability.
Actually, I think this has a probability of under 0.
+2 Reply
ATCG MrRenev
@MrRenev, It is a store of value. It can flow into stocks and whatever. It is circulating and not fixed/bound to any physical good. How do you explain that USD is worth so much? However my somehow realistic view for next cycle is more about 250K.
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@ATCG, Oh you are actually not trolling XD
Total money in most of the world, in billion

Switzerland $79.68
Hong Kong SAR $54.16
Japan $915.72
Singapore $29.39
United States $1,509.34
Euro area $1,217.91
Australia $57.71
Canada $64.40
Saudi Arabia $53.33
Korea $80.48
United Kingdom $93.78
Russia $145.11
Sweden $6.88
Mexico $68.71
Turkey $35.40
Brazil $71.23
India $196.49
South Africa $7.20

CPMI $4,686.91

Add China Africa and all the small countries you might end at 6 Trillion.
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@ATCG, Your somehow more realistic view puts BTC mcap @ 4.5 trillion or as much as all the money in the western world which is almost all the money in the world.
+1 Reply
ATCG MrRenev
@MrRenev, Totally understand your points but doesn't your view only see the real floating money (which by the way can be easily inflated by simple money printing) and excludes the bound money which is not seen anymore like real estate, machines and everything around us!? Money is only the floating part of finance system. Whatsoever happy and pleased to get your inputs.
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You are failing to see a different trend.



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lol
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ATCG arandon
@arandon, I don't say it will happen to 100%. It is just another view.
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ATCG arandon
@arandon, As I told you I do not claim this will happen for sure.
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