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As an aside, I still remember the French Government for perpetrating an act of terrorism when Kiwis were inconveniencing the nukes they were detonating in the Pacific.
The biggest impact on long term world GDP?
France nabs the Pavel for upholding free speech. For the record, the French people have been bearish on their leadership for ~25 years.
Correction. Assumption is $1m per coin in this cycle.
Based on this I DON’T think we get it this cycle given the capital needed. $5T will take time to enter.
It used to be everyone would be interested in how was it derived, but these days very few. This is a sign we are getting past the early adopter phase.
The calculation I used takes into account liquidity conditions and makes assumptions on when we hit the price. I picked sooner…
Back of the envelope calculation of how much capital needs to go into #Bitcoin in order for it to hit $1m per coin.
Answer: $5T or about 1% of global wealth assets.
So far only $620b has been invested.
George Orwell was 40 years early in his prediction, we needed the advent of widespread social media before his 1984 vision could be executed. The moment it became technically possible, the power hungry went for it.
#Gold's bull run is once again kicking miners into high gear to expand the supply.
Note #Bitcoin is the only asset that is inelastic to demand which makes it unique.
What I find interesting is that this chart is printing higher lows as technology gets better. IMO this chart…