there are still 2 million btc on exchanges
you can still eat from that pie
Why would they sell for fiat? 😂 They'd spend it on something concrete, like a house or something.
Discussion
Only if you've got a currency they want. Most people won't.
i am still waiting for the first fiat currency which will be printed to death because the state buys bitcoin with it.
I think there are smarter ways for governments to acquire Bitcoin.
For example, the UK could auction the Koh-i-noor diamond and park the proceeds in Bitcoin. One rare asset for another. If that goes well, move on to the Elgin marbles.
and how many ppm is the adoption rate?
thats also a hard to guess stat
Yeah, but I think it's safe to say that hardly anyone will have a million satoshis.
Some of the 21 million isn't in circulation, some is essentially retired, the rest is really expensive, but being bought up rapidly by DCAers and gigantic funds.
We probably don't even see most of the Bitcoin trading hands because it's business-to-business, now, or some fiat gazillionaire buying up everything a miner produces at a discount.