3 ms·
Only about $30M worth of Bitcoin is issued daily. So a $24B can buy up all issuance for about 24 months, which obviously has a huge effect on price. It was easi
by tromp 6y ago
Only about $30M worth of Bitcoin is issued daily.
So a $24B can buy up all issuance for about 24 months,
which obviously has a huge effect on price.
It was easier yet to move the price when Bitcoin was much cheaper.