stacksatsio on Nostr: An excellent visualisation of my previous point that Australia is unlikely to add ...

An excellent visualisation of my previous point that Australia is unlikely to add more wholecoiners from this point forward.

The graph assumes 1% of a median family income saved in Bitcoin for 2 years.

Artificially cap saving with the $10k per month transfer limit and that’s Australia done.

quoting note1ecd…rfg0

#AUStriches are limited by the Big 4 Banks to $10,000 per month in transfers to crypto exchanges.

With #Bitcoin already at $100,000 dollarydoos, if a nocoiner started *today* it would take 10 months to become a wholecoiner (unrealistically assuming no price changes).

The number of wholecoiners in Australia 🇦🇺 is thus not likely to increase much if at all from here, particularly when the remaining banks follow the new industry guidelines and also impose restrictions on on-ramps.

Australians will look back on this in 5-10 years and realise what a colossal fuckup this market interference was, but by then it will be too late to do anything about it.

It’s time to accept the trajectory of this country is fukt.