While it's quite important obviously to know the rate in supply of it, it's also important to realize the size difference between nations as well. Like for example USA and China are huge, so for them it's nothing, whereas El Salvador is tiny so for them that's huge. Venezuela holds very small, and yet that means more to them than what Finland is holding etc.
Smaller nations should put more emphasis on this, because for them this could be a way to level the playing field on the financial markets. I am expecting that more countries to be joining here and I was thinking like $100k price level would be more than enough for the rest of countries to be convinced but probably sustaining price above $100k and then testing $200k or $1m may trigger what we do dream.
You’re right, but size matters.
For big countries like the US or China, Bitcoin is a small part of their economy. But for small countries, even a small amount of BTC can make a big difference.
If Bitcoin stays above $100K for a while, more governments might start taking it seriously.
The big question is: Will countries buy before it hits $100K… or only after it feels safe above that level?
