Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Syke
on 01/08/2020, 01:56:56 UTC
But there are some interesting assumptions in this idea from my vantage point.  This idea seems to rely on the basis that wealth is a zero sum game.  As in - value cannot be created, but has to arise directly from existing value.

But the market cap of bitcoin will not rise X because X value is put into it.  It will rise Z when X value is put in.

Bitcoin is currently worth ~200 billion.  How much money has to flow in for it to be worth 1 trillion?  I do not believe the answer is 800billion.

Price goes up when buyers buy more than sellers sell. It has *nothing* to do with "incoming" money. Market cap is meaningless.