Re:Binance US No Longer Allows USD Withdrawal for Users
by tim333 on Wednesday October 18, 2023 @01:55PM
(#37932265)
You can kind of calculate the value as (number of people invested)x(amount they hold in us$)/(number of bitcoins)
For the present price that is approx 48 mil x $10k / 16 mil = $30k
Early 2017 would have been 1.6 mil x $10k / 16 mil = $1k
It's rough and ready but kind of how things play out. Most of the growth in price over the years has come from more people buying in. Not sure where it ends. We might get another 10x and 500 million people at some point?
investing in BTC is a bet that people in power of money will continue to act in their own selfish interest. it's a bet on clown world continuity. i love that.
i think it has utility but is there good reason for it to be $30k and not $1k outside of money printing...i doubt it.