Bitcoin is a Veblen good When the price rises, so does demand There's more demand at $55k than there was at $16k There will be more demand at $110K than there is at $55k There will be even more demand at $1M than there will be at $110K It's just a matter of time
Most people will ignore #Bitcoin until it's trading for $1M+ and they'll STILL be early.
Blackrock's Bitcoin ETF now holds 130,231 BTC, up 3,281 from Thursday. Their total holdings are now worth $6.65 BILLION. Blackrock now holds 0.62% of the total supply of BTC. 900 BTC are issued per day. In April this will drop to 450. On Friday, Blackrock clients bought 3.5x the newly issued supply. image
$625k home 20% down-payment $500k mortgage With a 6% interest rate and a 30-year term, you are paying $579,190.95 in interest. The $625,000 house cost you $1,204,190.95. This is equal to a $3,345 monthly rental payment, plus you pay for maintenance and repairs. Houses cost so much because people can borrow money that's created with the press of a button to buy them. If everyone had to pay in cash for their home, prices would drop significantly. Most people think mortgages are designed to help them. But NO. Mortgages are designed to earn profits for banks.