Replying to Avatar Luke Broyles

Let’s say #Bitcoin crashes to $100.

That’s a market cap of $2.1 billion.

A few dozen high net worth psychopath holders would buy up almost all of them (just in case) and USD price would be back up to today’s levels in no time.

The farther it falls, the faster supply is gone.

This really puts it in perspective
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Niko 2y ago

Only thing that would stop them would be the inability to move dollars from their banks to exchanges. I hope it never gets to that, but it’s a real risk we need to consider given recent events. What are the other options?

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