When #Bitcoin bottomed the last time around $16k I looked at my $20 daily #DCA and thought: With only 450 newly mined BTC per day it requires only 360,000 psychopaths like me to absorb the entire new supply…
Today it requires 2 Mio hardened psychopaths to absorb the newly mined coins.
Sure OG’s are selling, but they can only sell as many as they already have and if the psychopaths don’t stop buying the price will just go back up to find the equilibrium with the new issuance.
Being short Bitcoin is basically betting against a certain number of people being:
a) sufficiently #FED up with the current system,
b) smart enough to consider sound money as solution
and c) open for technology.
Currently that number happens to be 2Mio at $20/day. Even if you only consider “the wealthy” part of the world it is far less than 1%.
Good luck to our opponents 🫡!
#hodl
