3 ms·
Yeah, but... There are only 21M BTC ever going to be mined, and at something like 20/40/60K (wild price fluctuations this year) all of those accounts cannot hav
by lifeisstillgood 5y ago
Yeah, but... There are only 21M BTC ever going to be mined, and at something like 20/40/60K (wild price fluctuations this year) all of those accounts cannot have "fuck you money" in them. It's probably a power law so most people holding BTC don't have even one coin.
So ... it just feels like a sizeable but still very small minority.
- wallacoloo 5y agoi imagine most market holdings follow power laws. or is the stock market different in this way because of more widespread pensions/retirement accounts? either way, a $2T crypto market (i don't know where GP got $3T from: CoinMarketCap.com lists 2.2T) is substantially smaller than a $50T stock market. Governments can and have just straight up injected that demand equivalent in value to that $2T figure into markets in the past, so if we have a crash localized to crypto, it's not as though govts have no recourse.