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Replying to Avatar Lyn Alden

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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Narwhal Tacos 2y ago

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.”

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