"This one time, #Bitcoin went from $0.06 to $0.36 and then it crashed down to $0.21"
"Another time, bitcoin went from $0.85 to $29 and then crashed to $3"
"Another time, bitcoin went all the way to $213 and then crashed all the way to $70"
This is why we HODL! 👏
#Bitcoin FELL $10K yesterday
Today it's UP $10K
This is what I mean by "every price will eventually be a rounding error
It took Bitcoin 8 years to go from 0 to $10K
Now it can move $10K MULTIPLE DAYS IN A ROW
At some point, it will move $70K in a day, from $930K to $1M
There are 21,000,000 #Bitcoin
This supply will never increase
95% (~20,000,000) has already been mined and distributed to holders)
1) Earth's population is 8,000,000,000
- 380 people/BTC
- 0.002625 BTC/person
- Most people currently own 0
2) There are 15,700,000,000 acres of habitable land on earth
- 748 acres/BTC
- 0.001337 BTC/acre
- Supply does not increase, but is currently massively overvalued
3) There are 2,300,000,000 houses globally
- 109 houses/BTC
- 0.009174 BTC/home
- Some will obviously be worth more than others, so:
3A) There are 426,000,000 houses in "developed" or OECD countries
- 20 homes/Bitcoin
- 0.04929 BTC/home
- About 10% are unoccupied (why?)
- Supply is always rising
4) There are 6,700,000,000 ounces of gold above ground
- 319oz/BTC
- 0.003135 BTC/oz
- Supply is rising at ~2%/year
- 60% of the total supply mined in the last 75 years (supply growth is accelerating because of technology)
Unpopular opinion:
Real estate investing is exploitative in nature
If people didn't own more properties than they needed, the price of real estate would drop dramatically, giving renters the ability to buy a house instead of borrowing one forever
#Bitcoin fixes this