MarkHarvey on Nostr: The next #Bitcoin supply halving is about 1 year away (est. April 2024). After the ...
The next #Bitcoin supply halving is about 1 year away (est. April 2024).
After the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold.
Bitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000.
Which is still conservative because Bitcoin is at least 10X better than gold as a store of value.
IMO the halving is not priced in.
Published at
2023-04-05 21:10:09Event JSON
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"content": "The next #Bitcoin supply halving is about 1 year away (est. April 2024).\n\nAfter the supply halving, $BTC will have a stock-to-flow ratio that is lower than even Gold. \n\nBitcoin's market cap is currently less than 10% of Gold's market cap. If the Bitcoin market cap was to match that of Gold, it would imply a BTC price of $310,000. \n\nWhich is still conservative because Bitcoin is at least 10X better than gold as a store of value.\n\nIMO the halving is not priced in. \nhttps://nostr.build/i/nostr.build_99749e19d42ed5190a2d718da229bcf85b62c70bc058b6e26713f4b111591c67.jpg",
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