This is just an irresponsible. Just like your many other hopium based calls in the last cycle that were ridiculous and wrong.
$1M? Sure, eventually. But you said $1M in a matter of “days/weeks”. An increase in the market cap of the bitcoin network the size of US GDP in days/weeks???
The institutional dollars coming into the space will have less and less of an effect as the price gets higher and will certainly be met by an increasing supply of bitcoin from bitcoin owners who have massive gains (not all whales are HODLing all their bitcoin forever regardless of price, obviously).
The supply demand equilibrium is much higher than today’s price, but to say $1M is pure bullshit hopium.
Unknown Pleb /
npub1ul4…yt0r
2023-12-06 04:05:21
in reply to nevent1q…f2mz
Author Public Key
npub1ul45aruuhu09e5nts8mn49wsvhu58q8qmpvyyvpa0qhuvljehnys4uyt0rPublished at
2023-12-06 04:05:21Event JSON
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"content": "This is just an irresponsible. Just like your many other hopium based calls in the last cycle that were ridiculous and wrong. \n\n$1M? Sure, eventually. But you said $1M in a matter of “days/weeks”. An increase in the market cap of the bitcoin network the size of US GDP in days/weeks???\n\nThe institutional dollars coming into the space will have less and less of an effect as the price gets higher and will certainly be met by an increasing supply of bitcoin from bitcoin owners who have massive gains (not all whales are HODLing all their bitcoin forever regardless of price, obviously). \n\nThe supply demand equilibrium is much higher than today’s price, but to say $1M is pure bullshit hopium.",
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