You wake up a year from now. Bitcoin is $1,000,000.
What events over this year led to the price?
Discussion
A race involving institutions, publicly traded companies, and nation states all trying to be the first to accumulate 1,000,000 coins
DJT’s executive order on 1/21.
I personally don’t think that’s enough. But I mostly agree with nostr:npub1y4agzkpc58xvqzwtjtjgd35a8c3wa92ty89u09h4g38hm6fvykksa9cg7c. I think at a *minimum* it requires three things. 1) The Strategic Bitcoin Reserve *legislation* is passed, 2) other sovereigns start stacking as a response, & 3) the mag 7 and other large cap comps w/ cash on their balance sheet who make FCF start allocating bitcoin.
The US proposed reserve is ~20k bitcoin/month alone. Let’s double that for all other entities mentioned. So 40k bitcoin/month demand. Also, important to note that these purchases are locked in for more than 4 years…
Current block reward distribution is 13,500 bitcoin/month.
How long until we get the mother of all supply shocks? At a structural level, not at a retail whimsical level.
It’s a flywheel…as NGU, more legitimacy, more buyers, more conviction, NGU. The difference this time is that on January 21st the most credit worthy buyer IN THE WORLD is going to start stacking. If that’s not a signal to everyone else in the world that they should stack too, I don’t know what will be…
I think you’re thinking of the legislation & I agree that would be huge if that happens. If it’s just the EO, it’s $21 billion to buy BTC. Meaningful, sure. But I don’t think that alone creates the situation we need to go to $1M.
In the event that occurs, price doesn’t matter anymore
1. US SBR leads to G7 nations following.
2. MSTR nukes (outcompetes) sovereign bond market causing all non-usd slave money to collapse against the dollar and bitcoin.
3. MSTR is the new Dutch East India company that world governments without enough bitcoin must go to for 30% interest loans
4. MSTR buys Greenland and terraforms it with bitcoin miners, SMRs, melting the glaciers and turning it into a tropical paradise of anarchy
Okay maybe it takes more than a year.
This was a pretty good take
Awesome. I like th Dutch East India company correlation. So, if all of Greenland's glaciers melt, what impact will that have on coastal cities around the world?
