Quote from: franky1 on February 15, 2025, 04:14:39 PM

just to make you and all readers of this topic aware
banks DO NOT have $188T

the $188T number is a ESTIMATE IF, yes IF the banks were magically able to sell all assets at the exact same millisecond where there are buyers that refuse to buy for less

I know that and thank you for explaining it to the public but anyway, if banks start saving 2% of their reserves in Bitcoin, I think that they'll do it mostly from upcoming deposits and future profit from loans.

Quote from: franky1 on February 15, 2025, 04:14:39 PM

now here is the thing.. there is no $188T money in existence.. much like the bitcoin market cap $2T is not of actual money held in reserve somewhere

instead these estimates/valuations are based on:
current market price for one unit * total units of asset

however if everyone start selling all assets, the current price for one unit would crash instantly

yep the first $1t sells would cause a double digit % drop of market price. the other $187T of assets would get to $0 meaning there would only be in true monetary transfer from buyer to seller of only a couple trillion of assets in real money

You are right but people don't know that. For example, lets talk about rich people. People think that Jeff Bezos has billions of dollars cash at house but they don't know that it's not how it works, he has assets and it's a virtual value, he can only get cash after selling those assets and even in that case, you can't sell everything to get all the cash because, as you said, price will drop.

Quote from: NotATether on February 15, 2025, 07:24:47 PM

I just wish El Salvador was still holding Btcoin and didn't cave in. This would have been really good for them. Screw the IMF.

I think that it was done for marketing and it did its job very well but I think they were forced by IMF to drop Bitcoin.