Math doesn’t lie
Discussion
Not going to happen and thats a good thing
I don't understand why people spend so much of their time thinking on political promises.
politicians are silly
Probably not. Cool moon shot idea though.
Yeah was a little surprised by that. It's not really doable so why would he say that as a commitment?
I say give it a shot LOL
BTC to 1 Trillion per coin said nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf and I believe him. Everything is possible if you believe.
This is not math. It’s an opinion.
Opinion can’t change the available supply of Bitcoin.
neither the states
100%! I’m just saying the end state of who has how much BTC and at what fiat equivalent price is totally a guess and not math.
I read his post more about where the supply would come from if RFK’s idea was actually put into place, and that’s where the math is pretty spot on. Only so many new coins mined each day, and only so much available supply on exchanges. But yea the affect on the exchange price, I agree, is subjective although that much shock would certainly drive it up significantly.
I would push that supply coming in daily through mining and currently available on OTC desks and exchanges is not meaningful. BTC can come online for sale almost immediately through lightning and liquid and in ~10 minutes on chain. Available for sale supply is hard to forecast, can shift rapidly, and mostly depends on where current holders are willing to sell and that’s just unknowable. Maybe not many people are willing to sell at $100k, but maybe an absolute avalanche are willing to sell. No one knows. We can all guess, but only guess.
Sure the end details of who will actually have it might be an opinion but the logistics involved with any one entity acquiring 4M BTC is not. 19% of all existing Bitcoin, and that's assuming we use 21M of available BTC rather than the much more restrictive supply estimates based on the amount that has been permanently lost (some estimates are anywhere between 4-7M permanently lost). Like the screenshotted post breaks down, it would be an immense, almost impossible, challenge for any nation to acquire that much.
Agree total supply of 21M is not up for debate but logistics, in my opinion, are more up for debate than people think. My wild prediction is when we hit $100k+ BTC then way more people lever up their stack way more than people now think(e.g. lots of big leveraged loans), then the next big 60-80% bear market those people all get margin called, and we get the biggest avalanche of selling we’ve ever seen. Not my base case, but I think it’s got a solid 25% chance of happening in the next 2-3 years. We can’t get too complacent and need to promote a culture where we don’t risk our stacks.
Further more and more L2 liquidity increases BTC velocity and will increase the speed at which people can sell.
if all BTC hoarded and used reserve and SOV when biteconomy will NEVER GROW