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Current bitcoin supply is 1800 per day. @ $4k each, you need $7.2 million net inflow per day to maintain current prices. This needs to continue until May 2020 w
by ohhhhhs 8y ago
Current bitcoin supply is 1800 per day. @ $4k each, you need $7.2 million net inflow per day to maintain current prices. This needs to continue until May 2020 when additional supply drops to 900 per day.
This is only about 3 billion USD inflows required to maintain the market until the halvening, and then supply really drops hard.
Uber is looking to list with a market cap of $120 billion. Australia has $2+ trillion in pension funds alone. Vanguard has 5.3 trillion. $3 billion inflows to get to the halvening should be pretty easy. Return of Goxcoins will have some effect, but any hype at all will send bitcoin on a crazy moon mission again.