Replying to Avatar Toxic Bitcoiner

Remember, the more that NGU, the greater the value of the new issuance per block. At $1M/BTC, that’s $450M of new Bitcoin per day that needs to be bought for the price to remain stable. Not an original idea, picked it up from Mallers.
Avatar
TeslaLiberty 1y ago

Not necessarily. That's if miners are selling all their bitcoin.

They aren't. At this point, I think 99% of miners are keeping the bitcoin they mine minus their operational cost. That's their selling pressure.

Reply to this note

Please Login to reply.

Discussion

Avatar
Toxic Bitcoiner 1y ago

Bitcoin creates sell pressure with the block subsidy.

Avatar
TeslaLiberty 1y ago

Yes I know, but the miners mining those 450 bitcoins a day won't sell all those 450. They will keep most of them