SwBratcher on Nostr: On-ramp is getting crowded. From BritishHodl on X: “The US Government is about to ...
On-ramp is getting crowded.
From BritishHodl on X:
“The US Government is about to put a 200,000 #Bitcoin yearly buy order into the market.
Valued at $14bn per annum or $57.4m of daily purchasing.
Add this to MSTR’s daily purchase of $20.4m a day.
And you have a combined daily “floor” - buy at any level - price of $77.8m per trading day.
Which is a “floor” price of $172,889 per mined #Bitcoin.
What happens to the long tail on a truly FINITE $75,000 asset when the world knows just TWO players from one country will guarantee you a price of $173,000 for a year - for 5 years?
And the next halving? The floor rises to $346,000 per coin.
WE HAVE NOT EVEN BEGUN YET.”
From BritishHodl on X:
“The US Government is about to put a 200,000 #Bitcoin yearly buy order into the market.
Valued at $14bn per annum or $57.4m of daily purchasing.
Add this to MSTR’s daily purchase of $20.4m a day.
And you have a combined daily “floor” - buy at any level - price of $77.8m per trading day.
Which is a “floor” price of $172,889 per mined #Bitcoin.
What happens to the long tail on a truly FINITE $75,000 asset when the world knows just TWO players from one country will guarantee you a price of $173,000 for a year - for 5 years?
And the next halving? The floor rises to $346,000 per coin.
WE HAVE NOT EVEN BEGUN YET.”