One way to think of the halving is reducing the headwind for price appreciation.
In order to sustain $60,000 #BTC from 2020-2024, $54M USD in net new capital would have to flow to BTC each day ($0.15 per American) to maintain that price - a total of $78B USD.
For the same price to sustain from 2024-2028, only $27M USD per day is needed ($0.07 per American) - a four year total of $39B.
US banks have a 0% reserve requirement since 2020
if John deposits $100k, his bank can loan all of it to Sarah
so now John has 100k in his bank and Sarah has 100k in hers
100k was just created out of nothing
if John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it
this is called a bank run
If your online do me a favour and drop your $ETH Address & RT this. $50 $ETH to two random addresses
Must be following @OnlyPumpsETH & @CryptoTony__ ‼️
"Ganhar 700€ e pagar 500€ por um quarto, não dá. Por isso estou na rua há 5/6 anos"
A pobreza de quem trabalha mas tem de viver nas ruas da capital.
Em Lisboa, foram 40 milhões em 4 anos para habitação pública.
Serão 35 milhões para um fim de semana com o Papa.
É um insulto