blueshoyru on Nostr: In 25 years after adjusting for inflation (avg 2.94%/year) and taking into account ...
In 25 years after adjusting for inflation (avg 2.94%/year) and taking into account that only 28 bitcoin will be issued a day. If daily bitcoin USD buying volume is ~$30,000,000 (inflation adjusted ~$60,000,000), Bitcoin price will be close to 4M after inflation (in todays dollars closer to 1.8-2M per coin). All that to say bitcoin price targets of 1,000,000 are bearish. The above calculations assume 0 increased adoption… if you account for additional adoption, it would be dozens of millions per coin! Hold on to your sats… they might be worth something someday
Published at
2023-04-29 23:47:26Event JSON
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"content": "In 25 years after adjusting for inflation (avg 2.94%/year) and taking into account that only 28 bitcoin will be issued a day. If daily bitcoin USD buying volume is ~$30,000,000 (inflation adjusted ~$60,000,000), Bitcoin price will be close to 4M after inflation (in todays dollars closer to 1.8-2M per coin). All that to say bitcoin price targets of 1,000,000 are bearish. The above calculations assume 0 increased adoption… if you account for additional adoption, it would be dozens of millions per coin! Hold on to your sats… they might be worth something someday",
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