Let’s say #Bitcoin crashes to $100.
That’s a market cap of $2.1 billion.
A few dozen high net worth psychopath holders would buy up almost all of them (just in case) and USD price would be back up to today’s levels in no time.
The farther it falls, the faster supply is gone.
This really puts it in perspective
Luke Broyles
npub1pw…3tdyp
2023-03-31 19:20:12
Author Public Key
npub1pwz3959npp8rvrtdyc3g022dz594klp0q5rxtqsw63grhe58anhsh3tdypPublished at
2023-03-31 19:20:12Event JSON
{
"id": "78f79bc002aeef03125c5dea779c66da4431dc89d0775aaff8beab7c0cb0a9e2",
"pubkey": "0b8512d0b3084e360d6d262287a94d150b5b7c2f050665820ed4503be687ecef",
"created_at": 1680290412,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Let’s say #Bitcoin crashes to $100.\n\nThat’s a market cap of $2.1 billion.\n\nA few dozen high net worth psychopath holders would buy up almost all of them (just in case) and USD price would be back up to today’s levels in no time.\n\nThe farther it falls, the faster supply is gone.\n\nThis really puts it in perspective",
"sig": "df09a37235857559ce0a7051bd30d4b23c8c06ae2ed39addebd4941261e6846ebb5d8cb78daf15dc4dba2da1fad38dbf7a2ef698c2c15c337f2e250634f21d46"
}