The current price for some bitcoin is about $36.5k, since the price is set around the margins. That price is liquidity constrained. If someone wants to buy a lot at once, it'll be at a higher price.
Unless someone can hack or break the network, the price for any of *my* bitcoin starts in the six figures, and even then only slowly in small fractions, depending on what else is happening and what else I can buy. And a lot of people are like that, probably two-thirds of bitcoin hodlers.
Bitcoin is my preferred money. In order to make me part with some of my money, I need to see something I want/need to consume or an investment security that I expect to outperform my money on a risk-adjusted basis. That's not an easy hurdle.
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Have you ever spoken to Jim Rickards?
Realistically and unfortunately, the price for someone elseβs Bitcoin could be $5k, because they never did their homework.
This will be interesting as they are closing all the retail on / off ramps. My personal journey is a circular bitcoin economy one and nothing less. A CBDC world wonβt welcome your bitcoin sale
What she said π
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