The current price for some bitcoin is about $36.5k, since the price is set around the margins. That price is liquidity constrained. If someone wants to buy a lot at once, it'll be at a higher price.

Unless someone can hack or break the network, the price for any of *my* bitcoin starts in the six figures, and even then only slowly in small fractions, depending on what else is happening and what else I can buy. And a lot of people are like that, probably two-thirds of bitcoin hodlers.

Bitcoin is my preferred money. In order to make me part with some of my money, I need to see something I want/need to consume or an investment security that I expect to outperform my money on a risk-adjusted basis. That's not an easy hurdle.

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Your approach is same as my friends

This deserves to be put in front of the eyeballs of basically everyone.

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Do you, or anyone here, know what percent of the current bitcoin supply is on exchanges atm?

Was trying to explain a supply squeeze to a friend today (neither of us have macro knowledge, but I do my best to learn from you and others:)

A little less than 2M on exchanges. About 4-5 M lost. Some already locked up in institutional custody Coinbase (eg Microstrategy) The rest are highly illiquid not having moved in year(s). So the supply(float) on exchanges is historically low. Lot of incoming demand and of course the halvening. We are in the “it’s catching on” chapter of the book!

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same for physical gold

yup #derivative price cannot control BULK REAL ONCHAIN price once plebs n whales knows it

what is Institutional Madam Lyn saying to wall st bankers boyz will hear next New Orleans conference maybe 😍🤙

Six figures would wake a lot of folks. But if it can go to six, it can go to seven in time. And what in the shit would I buy with it. Then again one has to enjoy one’s wealth or it’s not wealth.

Seems short sighted. The idea is for #Bitcoin to become the money of the future, for the world. Hyperbitcoinization means the exchange rate vs USD goes to infinity. Yes, between now and then the purchasing power for goods and services of your Bitcoin increases extremely, but why give up way before then at six figures? Why think in USD terms?

Better to have enjoyed some of your monetary energy while you’re alive. No point in dying with your whole stack.

Like an investment security that I expect to outperform my money on a risk-adjusted basis? Bitcoin is not an investment, it’s money.

Bitcoin & USD are both tools to capture & transfer optionality.

The ability to exercise that optionality in the future is why we save in the first place. Noone knows exactly what their future needs or desires will be.

Bitcoin's USD price is the scoreboard for bitcoin's optionality level. It's the strongest & most accepted monetary unit in the world today. You don't have to like it, but it's our current reality.

I'd prefer Lyn's honesty to this virtue signalling crap that people repeat about never selling their bitcoin. When you buy a coffee with sats, you're also selling bitcoin.

A bit aggressive arn’t you? Nevertheless I disagree with Lyn’s message, not so much that she’d spend her savings, but about confusing Bitcoin with investing, I.e making money with money, and by going back to the Fiat system at six figures, when the idea is to get out of it and move to a Bitcoin standard.

I think that you're hearing what you want to hear.

Ad hominem much? Btw, I also disagree with Lyn’s message that J Powell is basically a good guy …

I made an art project visualization of quantum string theory while I was living abroad. I started by drawing and painting the shapes from my mind on paper with pen, Then canvas and paint, And I made a presentation of these works at Universitit Der Kunst Berlin, And it was a lot of fun. Eventually I moved into digital rendering of these shapes, And started making products featuring my digital artwork. I have canvas prints of the work for a bit more money, But I made a bitcoin themed T-shirt that I find bitcoiners really like. The shirt has a QR code on the neck label so people can donate to me there. If you give me a shipping address I will send you a shirt and you can donate if you like.

Do you think we'll soon see 2 prices? ETF implied price & the street market price?

I'd say the price should be similar to a seat on a lifeboat on the Titanic. If you were sitting on one of those and someone tried to buy it off you how many prices of paper would it take? 1 million? 10 million? Maybe they could offer you a 1 trillion dollar coin for it. How much monopoly money is enough to give up your one chance of survival?

The question is WHAT PRICE does #bitcoin have to go to and how fast does it need to get there to trigger seasoned hodler's to sell some for fiat?

The price for *my* BTC is >$500,000usd.

There's a price air-gap $70k to x>$200k imo. Let it squeeze.

Never sell just spend whenever it's needed. There is no reason to go ever back to fiat again.

Selling only to spend, yes.

These are available size 36” X 36”

Have you ever spoken to Jim Rickards?

🧡🫂✊🏻🫂💜

You state it exceptionally well, but I really need to add that for myself, and a significant percentage of Bitcoin ‘Hodlers’, the price that will be parted at will be determined by my children. This is what isn’t priced into current markets. Not by far.

“I don’t buy Bitcoin for my first name, I buy it for my last name.”

Realistically and unfortunately, the price for someone else’s Bitcoin could be $5k, because they never did their homework.

This will be interesting as they are closing all the retail on / off ramps. My personal journey is a circular bitcoin economy one and nothing less. A CBDC world won’t welcome your bitcoin sale

Preach!

sinyal 👇

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