How much is 2% of all central bank reserves? Since they are the ones who move prices the easiest assumption to make would be to choose a number for free float available to central banks for purchase and set that equal to 2% of global reserves and extrapolate a target price.
A quick search car up with $44 trillions. That’s $882 billions that needs to be represented in Bitcoin holdings for central banks to meet that target in 2025. Let’s assume 20% of all Bitcoin are available for sale.
That means for CB to hold 2% on their balance sheet in BTC after buying all available float the market cap has to reach $4.4 trillion.
That’s 5x from here assuming no other buyers as a baseline estimate for 2025.
_0x
npub1hng…493j
2024-01-07 06:23:52
in reply to nevent1q…t2qt
Author Public Key
npub1hng2pdg2df95jtd83gratgvjphpx9qp5gcju789y6afzf6w3ce2sc8493jPublished at
2024-01-07 06:23:52Event JSON
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"content": "How much is 2% of all central bank reserves? Since they are the ones who move prices the easiest assumption to make would be to choose a number for free float available to central banks for purchase and set that equal to 2% of global reserves and extrapolate a target price. \n\nA quick search car up with $44 trillions. That’s $882 billions that needs to be represented in Bitcoin holdings for central banks to meet that target in 2025. Let’s assume 20% of all Bitcoin are available for sale. \n\nThat means for CB to hold 2% on their balance sheet in BTC after buying all available float the market cap has to reach $4.4 trillion. \n\nThat’s 5x from here assuming no other buyers as a baseline estimate for 2025.",
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