My previous post made some people laugh when i shared Hal Finney’s vision of $10M per #BTC . I’ll leave that assumption to Hal. However, I am a strong believer that #Bitcoin will realistically reach the $1M price mark. Here is some maths:
A $1m #Bitcoin is a $21 Trillion market cap.
Based on the BofA Bull Market Multiple. That would require a capital injection of just $178 Billion. Or $353M a trading session worth of buying for 2 years straight.
This is assuming the multiple doesn’t climb. Which I believe it does as more people HODL.
If you take the last 4/5 days of net inflows and account for selling of maybe 30% more than the daily mined supply due to traders and profit takers in a normal environment.
After all the selling sludge has been eaten up. You’re looking at an equilibrium price we’re building to of $301,709 before halving.
To $603,418 after the halving. This is $350M trying to buy 585 to 1,170 #Bitcoin per day.
And of course, this is just ONE demand vertical.
