@PaxB_
Of 19.3 million #BTC , only 964k Bitcoin have been created since May 2020 halving. So basically 18.3 million were mined between 2009 and 2020. Still #bitcoin did a $5 to $28k in last 10 years w/o being too scarce.
This scarcity doubles in 2024.
Hyperbolic possible @w_s_bitcoin
https://twitter.com/paxb_/status/1644152762576384002@PaxB_
In March April 2024 halving, #bitcoin becomes twice as scarce as Gold.
This scarcity keeps doubling every 4 years. Humans have never seen something as scarce like this.
So it's impossible to predict what happens next.
https://twitter.com/paxb_/status/1644161348874514435@PaxB_
Efficient market hypothesis works only in textbooks written by Keynesians & taken seriously by kids.
#bitcoin halvings are NOT priced in
Doubling scarcity every 4 years is NOT priced in
Adoption by big tech is NOT priced in
Just 1% global wealth in #BTC makes it 18x from here
https://twitter.com/paxb_/status/1644168535478874113@PaxB_
Here is the math -
Global wealth 900 trillion
1% of 900 trillion = 9 trillion
Current #bitcoin market cap ~500 billion
9 trillion/500 billion = 18x
This is in today's dollars, so the gain would be real, adjusted for future printing 🥳
https://twitter.com/paxb_/status/1644192079248064512
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