Xbitcoin.x on Nostr: Why is the bitcoin price not moving? At a price of ~$70k with 450btc mined per day, ...
Why is the bitcoin price not moving?
At a price of ~$70k with 450btc mined per day, it takes 70,000 people to each buy $450 every single day just to keep the price at this level.
Published at
2024-06-06 18:27:31Event JSON
{
"id": "8743d77faad19cec392984c32e722c1583c7b770edda9fae2c1139e93ca10e77",
"pubkey": "65478d9d539a83637267d85c69ddfdc1d579af6d728e256402f0a8a839e05ea8",
"created_at": 1717698451,
"kind": 1,
"tags": [],
"content": "Why is the bitcoin price not moving?\n\nAt a price of ~$70k with 450btc mined per day, it takes 70,000 people to each buy $450 every single day just to keep the price at this level.",
"sig": "8a3108f02454c43d5af53ef72c633b18f464e41ea568b99ce177fa909ed77c673d8bb3ad94a0d1cbe4e52b770ce29b45150e6f4f3981cc344fd8518becf6bbf6"
}