#bitcoin is price is determined by the marginal liquid bitcoin available…

Every 4 years #bitcoin requires less buying power at a given price to keep the price stable. In this epoch of 900 Bitcoin/day that is rounghly 20 Million USD a day in selling power just from mining at around $22,000 per Bitcoin. (There are other sources of selling, but that is primarily high time preference selling). Next epoch, it’ll only be 10 Million USD a day, and that’s in a future where there will be even more dollars. Fast forward 4 more epochs, that buying power would be around 300,000 USD a day to keep BTC price at $22,000. yes that’s 25 years away. But it’s in a world of a couple quadrillion more dollars, continued increases in Bitcoin adoption and education. Bitcoin may not have bottomed this cycle, but if you have diamond hands and can suffer the Volatility, 25 years from now 1 million per Bitcoin is a bearish prediction. 25 years from now, 30 Bitcoin per day will be mined. At a 1M Bitcoin price that is selling pressure of 30Million USD a day, pretty close to where we are today (with no additional adoption).

Anyone who thinks Bitcoin is going to $0 or even that Bitcoin has hit its last all time high, have no understanding of Bitcoin supply changes and the built in incentive to #hodl