Quick estimation of Bitcoin price potential based on millionaires jumping on board.
There are 56,000 Millionaires in the world with a collective wealth of $191 Trillion. For ease of calculation, let’s round that up to $200 Trillion.
Let’s say that each Millionaire decides to put 1% to 5% of their wealth into Bitcoin.
Then $2 Trillion to $10 Trillion goes into Bitcoin.
Ignoring supply pressure at the margin of lost coins and HODLers who won’t sell at any price, That’s 4x to 20x todays price.
But the analysis is too simplistic because just a few billionaires investing heavily would make a significant impact on the price.
Keep stacking.
Larry / Larry Nakamoto
npub1yq…4see5
2023-07-02 11:35:05
Author Public Key
npub1yqjrx08j4epzqxrlyk30g7qx2k34w7e55aew7ayt94ft0zh5h66st4see5Published at
2023-07-02 11:35:05Event JSON
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"pubkey": "2024333cf2ae4220187f25a2f4780655a3577b34a772ef748b2d52b78af4beb5",
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"tags": [],
"content": "Quick estimation of Bitcoin price potential based on millionaires jumping on board. \n\nThere are 56,000 Millionaires in the world with a collective wealth of $191 Trillion. For ease of calculation, let’s round that up to $200 Trillion. \n\nLet’s say that each Millionaire decides to put 1% to 5% of their wealth into Bitcoin. \n\nThen $2 Trillion to $10 Trillion goes into Bitcoin. \n\nIgnoring supply pressure at the margin of lost coins and HODLers who won’t sell at any price, That’s 4x to 20x todays price. \n\nBut the analysis is too simplistic because just a few billionaires investing heavily would make a significant impact on the price. \n\nKeep stacking.",
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}