The Road to a $1M Bitcoin

TL;DR

• Michael Saylor urged “The U.S. authorities ought to personal nearly all of the Bitcoin on this planet,” which if enacted, may result in the mom of all provide shocks.

Full Story

Earlier than you ask — no, Michael Saylor had not been ingesting earlier than he went on stage on the Bitcoin Convention this previous weekend…

However you might need thought so when he urged:

“The U.S. authorities ought to personal nearly all of the Bitcoin on this planet.”

(Bitcoiners are likely to need to hold governments an arms size away from BTC).

Right here’s why he stated it / why it’d profit you:

Within the case urged by Saylor, the US authorities would maintain BTC the identical means it does gold — solely for use to guard towards the worst of circumstances. 

(Suppose: hyperinflation and huge, black swan financial shocks)

The thought being: it’s very hardly ever bought.

Now, let’s run the mathematics on that…

If the US purchased up nearly all of the world’s BTC (10.5M cash) — and making an allowance for that there’s an estimated 3-6M BTC which were misplaced perpetually — that would go away 7.5M – 4.5M bitcoins accessible to the market.

…add that to the truth that if the US does it, different main financial powers will observe go well with in an try to compete…  

And also you get the mom of all provide shocks.

(The sort that would justify the moon boys’ claims of sooner or later seeing a $1M BTC)

We like these numbers!