Hypothetical situation:
Imagine there isn't a single seller until 200k (๐๐).
We now only need a single buyer with 200k for the price to move there.
We only need 200k to get a market cap of 4T (half of gold), if the supply would be zero.
#Bitcoin's market cap is at 1T but it didnโt take a trillion to get there. People bought at prices as low as 1$.
Market cap is a misleading and doesnโt represent real money invested.
If we want to get to a market cap of 4T (half of gold) we obviously donโt need 3T of inflow.
We struggled, had several tries and didn't push through the 60s.
Did we run out of money?
#bitcoin's market cap is hovering around 1T, that is significantly larger than previous cycles. We donโt have enough money to push through.
A common misconception, thread: