Marketcap needs to be larger than the entire circulating supply of USD. Just for perspective. You might want to think about taking profits sometime soon
For BTC to reach 95k
Caleb Wilson
Other urls found in this thread:
galgitron.net
twitter.com
Andrew Butler
Yeah...
Everyone keeps saying it will hit 100k which is more than enough of an indicator that it probably won't.
Ian Barnes
There's also 9 Trillion dollars worth of gold. But not enough cash to cash it all out.
Michael Lewis
You can cash out in other currencies too. Russians and chinese are stacking gold right now. They will never cash out
Easton Perez
USD is not the only currency in the world, Ameranon.
Jeremiah Scott
what you're saying is meaningless, it does not matter at all.
Dominic Reed
>tfw there's eventually going to be more tether than circulating USD
Austin White
You’re right user, there’s only 1.2T floating around the world and not untold hundreds of trillions.
>just sold 1,000,000,000,000 ValueBucks™
Ryder Adams
1. There is more than 1 country
2. Just because there is a circulating supply number, that doesn't mean that much is actually accessible. Think of all the lost wallets or dead people that were holding BTC
Camden Gonzalez
Bong, and this isn't my first rodeo. Just throwing out some perspective for anons caught up in the hopium. We'll get there, but I think it will take 10+ years and the money printer. I'm taking profit. You should too
Connor Cooper
market cap doesn’t matter in the slightest
when will you fuckers finally realize it?
galgitron.net
Thomas Robinson
What is APPL, AMZN, MSFT, GOOGL
Aaron Howard
>greatest wealth transfer from west to east
>russia and china
>gold for goods and services
Tyler Brown
Its fine, FED money printer will keep going brrr and we'll be there before you know it.
Evan Robinson
100% jew
Cameron Powell
>he doesn't know the Federal Reserve is about to quadruple the money supply
Owen Stewart
rofl
Michael Kelly
you're fucking stupid. the satoshi wallets haven't moved anything, you think everyone would cash out at once? half these wallets are belonging to lost laptops, dead folks, and forgotten keys
Nathan Young
His just referring to physical cash not the total amount of usd in circulation. Lile the money in your bank account doesn't count. Ate people this fucking stupid, it says that on Google. Took all of 1 min to fact check
Samuel Fisher
The total is around 16 trillion, but who knows they were printing a fuck load of money before the "pandemic" and printed like 3 trillion since it started so its probably more than 20 trillion. Its insane how we don't know and thats why btc is so good
Jeremiah Jones
this and by that point the dollar will be so devalued 100k will be like 10k today
Juan Gomez
Hmmmmmm
Cooper Wood
>galgitron.net
good read thanks user
Ryder Peterson
this
plus derivatives and loans that will all crash and burn
Elijah Howard
BTC will be $1,000,000 by the end of 2021 or I will eat my own dick on live television.
Ryan Anderson
kind of funny
William Clark
of course
how else will biden distribute $10 trillion in reparations
Gavin Allen
> institutions and retailers are only buying BTC with cash
> BTC, a currency, must rely on other currencies for value
Jayden Davis
What an arbitrary metric, the "circulating supply".
Here are the actual numbers:
M0 is 4.9*10^12 USD
M1 is 5.5*10^12 USD
M2 is 18.8*10^12 USD
19 Million BTC having been mined until end of 2021 gives a market cap of 1.8*10^12 in USD.
In addition, BTC also attracts value from other stores of value, like gold, real estate, art, bonds, stocks, derivatives markets, other currencies, which all in all have a market cap in the hundreds of trillions of USD.
So we're talking about bitcoin at $95k being in the sub 1% area of all stores of value of the world.
Camden Richardson
Checked
Landon Lopez
This guys get's it