Subnostr

Agree that coins aren’t coming out of those Institutions, they’re going to be Bitcoin blackholes much like the LBMA for gold - gonna pretty much have to be a nation state to access the underlying.

But I don’t think the HODLers are going to sell much supply either. They are the ones who know what they have, it’s gonna take islands in the Caribbean or NYC skyscrapers to get them to part with corn - they don’t want dirty fiat.

The battle will be over the remaining 6 odd percent coming into supply over the next 13 years. That’s what the whole world is gonna be chasing.

PAGAN WOLF 2y ago

Couldn’t agree more, even miners are gonna have to hold so many newly mined coins as well, blackrock might do a deal to secure all that supply from the 4 miners they already back….. I had a convo the other day guy asked me, when would I sell…. I said I’d sell SOME! But there’s a list you’d have to fulfil for me to do so, the list isn’t cheap

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StackSats.IO 2y ago

End of this upcoming cycle I think we’ll see the shift from miners who leverage energy to energy companies who doing mining. That will proliferate mining exponentially and make it more competitive such that they likely won’t be able to afford holding many coins, maybe some in treasury but they’re not going to just sit on stashes any longer as some have managed.

Also think we’ll see nation states start properly trying to incentivise Bitcoin migrants into their countries with friendly tax policies, access to citizenship, possibly even special development zones.

Things like that will be required to get HODLers to part with any part of their stack. There’s only 21M of these things, gonna need to be really worthwhile incentives in place if others want them.