100k would mean a 2 trillion dollar market cap. That's starting to get up there. Double the rally which we have seen now. It starts to lose it's hype value as the price climbs as it takes more and more money to get those big % gains everyone fell in love with. Still very possible
Posted Using LeoFinance Beta
What really matters is less and less BTC takes part in price discovery process.
Even $100000 USD in FIAT can drive price UP like crazy, if ( IF) there is not enough BTC available, for sale.
To move market cap from $1T to $2T not 1T additional FIAT is required. Far from that !
All is needed - those who hold now BTC , to refuses to sell at prices below $250K per 1 Bitcoin
Posted Using LeoFinance Beta
That's a very good point. There is limited supply, less inflation and I'm sure there's a good amount of bitcoin lost and locked up in wallets people have lost access to over the years. All of this contributes to less supply, less inflation and an increase in demand.
Posted Using LeoFinance Beta
2 trillion dollar market cap sounds intimidating until we think about how gold is up in the 9 trillion area. We would need to see a lot of things go right, but let's see what happens!
Posted Using LeoFinance Beta