I was thinking about this for few days now .
With Normal money Government control the amount of cash . for example Government can print this cash whenever they need to .
Who does this with Bitcoins ? let's say Bill Gates decide to buy 70 Billion Worth of bitcoins . The market doesn't have this amount right now so who will generate this amount ? is there is something like Central Bank for Bitcoins who will supply the market with more Coins whenever the market need this ?
I know this is Noop Question
The real beauty of bitcoin is exactly that nobody is able to print as much bitcoin as they want as opposed to fiat currencies and central banks. Miners invest in expensive mining equipment to be able to generate bitcoin. They also have to pay for electricity etc. There is no way that a million coins can just pop out of nowhere.
To answer your question if someone devices to buy 70 billion worth of btc the price of each btc will absolutely skyrocket as the monetary base cannot expand quickly enough to keep up with the demand.
