Reflexivity of Bitcoin supply and demand

This is an important aspect of the Balaji bet. Like most here I don’t think we’ll hit 1M in 90 days but imagine for a second we’ll hit 50k by the end of next week. This is still unlikely but not unheard of.

A price move like that could really catalyze a wild rally especially with the Balaji bet and the state of the Fiat system in the back of new market entrant’s minds.

In other words, if price continues to gain momentum, there could be a self-fulfilling, reflexive nature to the bet and I think that’s what he’s banking on, besides just enjoying the attention.