This will be my final post going into the future as I have uncovered that the majority of the crypto space "CT's" have absolutely no understanding of marketcaps and to whoever would come by this hopefully it opens your eyes to the reality.
Once Bitcoin ETF's get approved allowing the biggest traded finance market on the earth 🌎 to get involved into the liquidity of Bitcoin it will take somewhere around 1 Trillion USD of to move Bitcoin to just 1 Million USD in todays price.
10% of the Bitcoin's in existence have not moved since the genesis days maybe lost? could be we can't know for sure, this then takes the only available supply to 18,900,000 remove another 5,000,000 for the speculated lost supply that's 13,900,000 left. If only 1 Trillion enters Bitcoin from the stock market (equal to 1-3%) alone that's $1,383,528 USD per Bitcoin.
Now hopefully newcomers understand the FUD and negative news, once this realization happens to majority of the worlds population you're going to see an evolution happen the renaissance rebirth of the global financial system. Once this starts to playout during the end of this year, ETF's and institutions will be paying insanely high premiums directly to miners to get Bitcoins before they reach the public exchange market (its happening right now). I predict there will be a shortage similar to a housing crisis, just remember you cannot build or create more Bitcoins after 21,000,000 is reached for a period of time it will be impossible to find Bitcoins on any given exchange including prices rising 10's of thousands in single weeks possibly days.
I wish good fortune and Godspeed to whoever goes on with this knowledge welcome to new digital renaissance
Bitcoin price 50,000 5% of a Bitcoin today $2,500 USD 5% of a Bitcoin at 1 Million $50,000 USD
a trillion more enters Bitcoin and the price will move to ~100k a coin
UnknownUnicorn7947829
â‹…
@tristan5600, Bank of America has done a report on this $1 entering Bitcoin is equivalent to $100 in power. there is a 100x leverage effect in these asset classes, 1 Trillion entering Bitcoin is eq to 100 Trillion.
If you actually read and understood the details current derivatives equal to 1 quadrillion as its not an underlying asset, the same effect and movement will move in Bitcoin causing a 1/100 ratio to the price, Bitcoin is about solving the central bank issue it will not stop a new derivatives market launching on top of the network. And yes the average person using and exchange to acquire real Bitcoin is completely not the same as an ETF allowing a new quadrillion global decentralized monetary network.
tristan5600
â‹…
So an increase of the Crypto market cap, of 30% will boost Bitcoin to 1900% gains? 🤔🤔
tristan5600
â‹…
based on your speculative supply, the price currently would be 72k. but it's not. because that isn't how market cap affects price.
UnknownUnicorn7947829
â‹…
@tristan5600, This is the issue with newcomers to these markets you're pricing Bitcoin like an alt coin calculating current market capital to outstanding supply to price, this won't be how Bitcoin will be priced and its an error I see everyone making. When you calculate a stock this can work in some scenarios but this will not work for an entire monetary network that can have an unlimited amount of derivatives on top of the price.
tristan5600
â‹…
I'm pricing it as it sells on an exchange. Like I said, if it was priced as you're saying... then why are we sitting at 50k?
UnknownUnicorn7947829
â‹…
@tristan5600, might be US Etf's have not launched and there is no current derivative market able to be launched on top of Bitcoin? there's a US market that operates with 1 Quadrillion worth of derivatives on top of a market decaying in cash purchasing power levered up rotting away in inflation, similar in China hence why they ban Bitcoin and you can SEC search that there's about 10 Etf's looking to leverage institutional money to a 1 to 100 ratio to buy Bitcoin and you're complaining that the price in 50k? either you don't understand a single thing I have said or you truly think Bitcoin is just the new Amazon stock?
tristan5600
â‹…
show me the math....
UnknownUnicorn7947829
â‹…
@tristan5600, I can't expect you understand the math if you don't even know what a derivative market is, start with Exter's pyramid and educate before countering my math.
a trillion more enters Bitcoin and the price will move to ~100k a coin