Post
Topic
Board Economics
Re: How much fiat to reach a million
by
Ucy
on 05/05/2021, 14:47:25 UTC
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)



It's possible that if you continue to print that fiat to "pump" the price of Bitcoin to that price ($1,000,000?), the fiat will lose it's value and that'll cause inflation of goods and services the fiat is priced on. At a point, people will not even want the fiat again.