According to bookmakers there's a 55% chance of Trump becoming President. Then he will buy 1M. Using Bank of America's bull market multiple of x118 we can take a look at how this will affect the price. Current price of BTC is $70k, and current market cap is $1.37T
$70k x 1M coins x 118 = $8.3T
This means total market cap will be $1.37T + $8.3T = $9.67T
$9.67T / 19.73M coins = $490k per BTC.
And this is without focusing on all the other nation states, S&P500 and normies that will FOMO into it.
Also since it's a 55% chance of Trump becoming President we can use simple risk math: $490k x 55% = $269.5k per BTC. This means that BTC is worth at least this today!
BTC_for_Freedom / Bitcoin for Freedom
npub18c…zjpjh
2024-07-29 11:11:18
Author Public Key
npub18csutpavpzedqgza5vqxclnq9lf2x24xew05ksa829eqkx59k87s6zjpjhPublished at
2024-07-29 11:11:18Event JSON
{
"id": "ca3a931bd852239318e43872a4b0bc5371d2f3fe8e3d554d5143e80ea4b29d18",
"pubkey": "3e21c587ac08b2d0205da3006c7e602fd2a32aa6cb9f4b43a751720b1a85b1fd",
"created_at": 1722244278,
"kind": 1,
"tags": [],
"content": "According to bookmakers there's a 55% chance of Trump becoming President. Then he will buy 1M. Using Bank of America's bull market multiple of x118 we can take a look at how this will affect the price. Current price of BTC is $70k, and current market cap is $1.37T\n\n$70k x 1M coins x 118 = $8.3T\n\nThis means total market cap will be $1.37T + $8.3T = $9.67T\n\n$9.67T / 19.73M coins = $490k per BTC.\n\nAnd this is without focusing on all the other nation states, S\u0026P500 and normies that will FOMO into it.\n\nAlso since it's a 55% chance of Trump becoming President we can use simple risk math: $490k x 55% = $269.5k per BTC. This means that BTC is worth at least this today!",
"sig": "742c33cd4392b2ee9613c3418e75824eda8adf18331106d29eb0d3c6872be8ecc02b4cf6308361b455967632df336bb007fb951cacb4551c2df510e2598006b1"
}