1 upvotes, 2 direct replies (showing 2)
View submission: Don't laugh at how much I have
Not sure about the anomaly. But if you don’t mind, let me light a fire under your butt and give you a sense of urgency of how little time you have left to get money into btc before it goes nuts.
First, the U.S. announced it will be holding Bitcoin as a reserve asset, and plans to buy 1 million bitcoins over the next few years. This will cause other countries to do the same, so this will skyrocket the price.
2nd, more than that, you understand Bitcoin is finite right? Well there’s only 2 million btc left on exchanges across the world, and one company (micro strategy) is on track to buy it all by themselves in 200 days. So if they keep that pace, and you add in the other world’s buyers (countries, companies, and individuals), you will likely see all the btc gone on exchanges well before 200 days. And of course, when that happens, the price skyrockets as well.
Comment by lionlittlelove at 03/12/2024 at 13:36 UTC
1 upvotes, 1 direct replies
You're funny. I am dropping in as much as I can afford to! It was purely the anomaly of the price I'm questioning. Updated the app, see if it sorts it out. No idea why my post has gotten negative down votes but hey we move lol
Comment by lionlittlelove at 03/12/2024 at 14:09 UTC
1 upvotes, 1 direct replies
Oooh. This is where its a bit above my head.. but I understand the urgency to get as much as possible. I will have to digest what you've written as my knowledge is also finite. What would happen if all bitcoin is bought up? I have a lot to learn, I know that