Post
Topic
Board Economics
Re: The Bitcoin economy needs about $100,000 a day of new money
by
billyjoeallen
on 10/07/2011, 14:06:29 UTC
Bitcoin production is supposed to be about 7200 coins per day, which at $13.75/BTC is currently $99,000. So, right now, it takes about $100,000 a day in new money to keep the price of Bitcoins stable.

Why do you assume miners immediately cash in all their mined coins?

Obviously they don't, but early adopters sell enough to make the effect roughly the same.