All posts by /u/DizzySquid

To everyone who thinks a btc price is unsustainable due to increasing needed new cash inflow.

At a price of 1000 USD/btc there is currently about 1.8M USD per day needed to flow into btc to keep this price level. This may seem a lot to an average person. But let’s do some quick calculation compared to Gold. the daily amount of gold mined is around 7 tons. At a price of 1100 USD/ounce this means 90.4M per day is needed to keep the gold price stable. This is 50 times more than for btc. Therefore not unrealistic to sustain the current growth path.

submitted by /u/DizzySquid
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