The price is determined by # of Bitcoin (which cannot have more than 21m) divided by # of dollars (which can have an infinite supply).
This is where the ∞÷21m meme comes from.
Basically, the conviction that Bitcoin will have omega candles is 100% connected to the understanding that the government has to print money to survive.
This isn't a bet on Bitcoin going up, this is a bet on the dollar going down.
(Not financial advice.)
Hope that helps. 🤙
Login to reply