Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gentlemand
on 08/05/2020, 20:53:41 UTC
⭐ Merited by LFC_Bitcoin (2) ,Hyperjacked (1)
A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.

One of the most interesting stats of recent times was that Grayscale and Cash App have been eating 52% of mined supply. I dunno if they're guessing they get it all from miners or whether that's a fact. I imagine Grayscale would prefer to.

That's two companies in one country that will be consuming more than the entire mined supply in a few days. And things are still pretty dead.

This is where the human capacity for conceiving of large numbers tends to break down, especially if you're a beary type.