An industry insider proposed an interesting hypothesis during an interview: If a leading institution could continuously accumulate 5% of the total supply of Bitcoin, would the price of Bitcoin skyrocket to $1 million per coin? He further speculated that if the holdings of this institution reached 7%, then the price per coin could potentially rise to $10 million.
The logic sounds quite smooth - large amounts of capital continuously buying in will create supply pressure, thereby driving up prices. Understanding this type of institutional behavior as empowering the Bitcoin network makes sense from a certain perspective.
However, this price prediction range... is indeed a bit of an imaginative leap. Some say this old gentleman might have been a bit too high during the interview, what do you all think?
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MetaMaximalist
· 12-23 03:50
ngl the supply squeeze theory is textbook network effects 101, but $10m per btc? that's where the adoption curve math just... breaks down. dude was probably thinking about s-curves without actually modeling the liquidity constraints lmao
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BlockchainBouncer
· 12-22 15:56
Hmm...10 million dollars each? This guy must have drunk how much 🍺 haha.
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FastLeaver
· 12-22 15:47
10 million dollars each? Dude, this imagination is really something, I almost believed it.
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I understand the supply pressure, but this number is outrageous... But to be fair, it does make me a bit tempted.
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With this logic, the vegetable seller downstairs could also become an economist; it's just casual talk.
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5% to 1 million, 7% to 10 million... This guy's math teacher must be crying.
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I don’t think it’s that outrageous; it’s just a bit overthinking.
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Empowerment is empowerment, but let's not talk nonsense, okay? Reality isn’t that magical.
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The interview was too hyped, it’s definitely something like that.
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ResearchChadButBroke
· 12-22 15:40
10 million dollars each? Dude, how big is this imagination? I laughed out loud.
If institutions buy 5%, that's 1 million? Should I sell my house and go all in on Bitcoin now?
Simply put, it's the distance between imagination and reality, as far away as his wallet.
This guy must have been drunk by the interviewer, otherwise how could his mind fly like this?
Bitcoin is bound to rise, but deducing price purely based on holdings ratio is too far-fetched, bro.
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GasFeeBeggar
· 12-22 15:36
10 million dollars for a Bitcoin, I couldn't help but laugh... Is this guy treating liquidity like it's air?
This logic flaw is too big, supply pressure ≠ price just flying up like that.
Holdings at 7% means 10 million? Then why don't I just dream of it being 1 million instead?
To be honest, continuously buying to push up the price isn't wrong, but jumping from 5% to that number of 1 million... is a bit ridiculous, buddy.
The interview definitely got a bit over the top, but this kind of rhetoric is indeed easy to mislead newbies into the market.
An industry insider proposed an interesting hypothesis during an interview: If a leading institution could continuously accumulate 5% of the total supply of Bitcoin, would the price of Bitcoin skyrocket to $1 million per coin? He further speculated that if the holdings of this institution reached 7%, then the price per coin could potentially rise to $10 million.
The logic sounds quite smooth - large amounts of capital continuously buying in will create supply pressure, thereby driving up prices. Understanding this type of institutional behavior as empowering the Bitcoin network makes sense from a certain perspective.
However, this price prediction range... is indeed a bit of an imaginative leap. Some say this old gentleman might have been a bit too high during the interview, what do you all think?