Replying to Avatar nostr.build

For Bitcoin to double from here, it would need an inflow of about $1.2 trillion dollars! That’s a LOT of money! It takes a whole three months for the government to print that!!!
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dazzling 1y ago

No, that is not how it works. If there were 1.2 trillion USD trying to buy BTC, the price would likely go 10-100x. Remember that it is bidding on the available supply.

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nostr.build 1y ago

Totally true, im just simplifying it based on market cap.