How Much Money To Moon Bitcoin?
"In this video, I discuss how capital inflows affect the price of Bitcoin.
Contrary to popular opinion, you don't need inflows of $500 billion in order to double the market cap of a $500 billion asset like Bitcoin. In fact, you may require far smaller inflows, since price is set at the margin and the average Bitcoiner is not willing to sell his Bitcoin at any price.
The real question is not "how much money does it take to moon Bitcoin?"
The real question is "how desperate will people become as they see very high and long-lasting inflation worldwide?"
How much monopoly paper funny money will people want to convert to scarce digital gold nuggets?
The answer is 100%
Every last cent of fiat will be seeking a home in Bitcoin before we're done.
Bitcoin is the apex predator of money and will consume everything."
