How we feeling that 93%+ of all Bitcoin is in circulation and the max monetary inflation that will ever happen is the other <7%
Discussion
Extemely bullish
I gotta be honest, I only thought in terms that the price was set on that 7-12%. Didn’t think about how that’s all they get to play with to rehypothecate. Thank you.
Ok thought about it. Forgive me if I’m skeptical the sec/fed will not allow extreme exploitation of true absolute scarcity.
Those ass holes do not care about protecting the public, full stop.
If “Bitcoin” ever had more than 21M in supply it’s not Bitcoin. 21M BTC is written in the code (specifically in total sat units possible). The worst they could do is double spend a transaction if they own 51% of hash power and if they do that we could fork and completely ignore that hash
The price is set at the margin and is a result of demand more than supply. Total Supply is known, demand is the unknown. Price goes up from more buyers then sellers not as a result of btc issuance. Although the halving does have a price shock effect due to half as much supply being sold at the margin by the miners each block. Miners are typically the largest sellers so them getting half as much BTC ever 10 min results in less selling pressure.
Scarcity reality will begin to hit this halving epoch imo
In terms of adoption, I honestly think a few new countries will add it as legal tender and maybe an Apple/Google wallet integration. Still 98% of people won’t care. It won’t be until people need a lifeboat from USD until it really matters to normies imo
In terms of next epoch^*
Hopefully Apple before Google.
Because if Google first… we are going to have to wait for an Apple product to come 5 years after.
Yeah I wouldn’t be surprised to see 2-5 more countries officially adopt Bitcoin in some capacity by 2025.
I agree with your last point, most people don’t make a change unless they’re forced by external circumstances. As US dollar failure accelerations, so too will Bitcoin adoption.
Think the dollar in its current form makes it past 2040? I’m doubtful.