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That would be $20.43 million/day with not a single cent out every day. No one taking profit, No one selling. Very unsustainable.
The massive price jump is market price manipulation plain and simple. You can't easily manipulate the market for long periods of time, that takes very large pockets and also a reason to spend that much money. It is very simple to buy up an order book in 10 minutes and shove the price up, if you have the cash.
Really every county is going to spend $100,000 per day on bitcoin? So people in the Congo are going to keep shoving money into bitcoin? They can't buy food, but they will keep supporting an insane price on bitcoin lol great logic.
Aaron
https://www.amsinger.orgPeople always fixate on the mined coins. They don't seem to recall there's 17 million more that could be sold any moment.
Best of luck with your future endeavours, youngling. Don't go betting the farm without some development of the perspective end of things.