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.
Thread
Login to reply
Replies (10)
These are available size 36β X 36β 

Have you ever spoken to Jim Rickards?
π§‘π«βπ»π«π
You state it exceptionally well, but I really need to add that for myself, and a significant percentage of Bitcoin βHodlersβ, the price that will be parted at will be determined by my children. This is what isnβt priced into current markets. Not by far.
βI donβt buy Bitcoin for my first name, I buy it for my last name.β
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
View quoted note β
