Clarified a lot my questions. Well done review of the situation. Question I have. How much of available gold was in the LSE and other gold market reserves, available for sale vs. BTC. I don't think whales will be offering up more Comments?
Ah good question, how much gold was actually available for purchase vs Bitcoin not held by long term holders. I don’t know. And the reality is, miners could (and did) mine more gold. But they can’t mine more BTV
For btc to fulfill it's potential whales will have to sell. It will have to have wider distribution for a wider use. But then price could be many X higher. What if a Satoshi = 1 penny?
Clarified a lot my questions. Well done review of the situation. Question I have. How much of available gold was in the LSE and other gold market reserves, available for sale vs. BTC. I don't think whales will be offering up more Comments?
Ah good question, how much gold was actually available for purchase vs Bitcoin not held by long term holders. I don’t know. And the reality is, miners could (and did) mine more gold. But they can’t mine more BTV
For btc to fulfill it's potential whales will have to sell. It will have to have wider distribution for a wider use. But then price could be many X higher. What if a Satoshi = 1 penny?