I am an owner and enjoying the ride up but have common sense
150k bitcoin predicted by lee,,..1 billion by others!!
- Thread starter S2007S
- Start date
Common sense says as they keep printing trillions of $ that a scarce asset with limited supply will keep going up
Infinite supply of fiat currencies = infinite price of bitcoin to the upside
Read up on the history of the slave beads of Africa (trade beads)
Even now, the French Congolese Franc, print it, get hard valuable assets in exchange. Modern day slave beads
US $ modern day slave beads, work for decades, and they print unlimited supply and you retire on fixed income unable to do anything to enjoy the last 10-20 years remaining of your life
Student loans, 30yr mortages, cc debts, helocs... never ending supply of slaves
But hey, commons sense is good for the common slave
No offense
The past month NDX correlation with btc has been broken
Bitcoin has been marching to a different beat since it's got $500M inflows every trading day from the bitcoin spot etf's and the bonus weekend buyers like MSTR
with those inflows how much bitcoin is taken out of circulation? Becoming less liquid, more volatile. At the end (one left) it becomes an nft
Not really. Market been in step with Bitcoin so far.
It varies, the dude below provides a daily update
There will always be sellers as bitcoin goes higher and higher price
At $10M/btc, each satoshi is 10 cents
100,000 satoshis for $10k 0.001 btc
1 btc = 100M satoshis
1 nft = 1 nft, non-divisible
CC around 0.85 going back to 2019 (1300 days).
If the naz ever crashes and btc stays flat or goes up, then I'll liquidate all my investments and go all in btc.
I said the past month because of the bitcoin spot etf's and other big buyers