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Less than one percent of circulating BTC. I don't think it will even register.
by j0hnyl 4y ago
Less than one percent of circulating BTC. I don't think it will even register.
- HaZeust 4y agoIt responded to Tesla's short for less.
- sweezyjeezy 4y agoThat is not how it works, the price will move via market liquidity - the people buying / selling bitcoin at a given time, the coins sitting in wallets (over 90%) have no effect. This source says it took $91M to move the price of bitcoin by 1% (about a year ago), bigger shifts could have a cascading effect. https://cointelegraph.com/news/bank-of-america-claims-it-costs-just-93-million-to-move-bitcoin-s-price-by-1 https://cointelegraph.com/news/bank-of-america-claims-it-cos...