Re: BTC is over $9,000,000,000 in market capitalization for the 1st time in months
even if only a tiny fraction of the worlds money supply moves into BTC, a price of 10 000 or even 1000 000 is easily possible
check this out
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
world money supply 80 000 000 000 000
approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin
NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).
----> theoretical potential of up to $1.6 million per Bitcoin
Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing
Silver is also good.
Sleep tight LOL
!
and HODL!!!
check this out
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
world money supply 80 000 000 000 000
approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin
NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).
----> theoretical potential of up to $1.6 million per Bitcoin
Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing
Silver is also good.
Sleep tight LOL
!and HODL!!!
This is a fact. And think about the hundreds of millions (perhaps billions?) of unbanked people who are also on the internet! The upside from a $9 Billion market cap is INSANE!