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December 06, 2017, 11:16:59 PM |
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Most price calculations we've seen are done by measuring percentage of gold, real estate market, etc... and dividing by the total 21 million.
But we all know there are only 17 million out there in the short term, at least 20% are lost, several million in cold storage, and the rest are being HODL'd. Leaving only maybe 3-4 million BTC available for buying/selling for whatever reason??
I think the network effect has officially taken root so it's now growing at an increasing exponential rate.
More new buyers = More HODL = Exponentially fewer coins available
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