Comment Comment by wallacoloo say BTC rises from $30,000 to $300,000. two scenarios:1. 10% of all BTC holders want to cash out. nobody lost their keys, so 2M BTC hit the “supply side” of the market.2. 10% of all BTC holders want to cash out. half of them lost their keys, so only 1M BTC hit the supply side of the market.this is the way it makes a difference. in the latter scenario, BTC spot price would likely reach a higher value. parent wallacoloo 4 years ago
1. 10% of all BTC holders want to cash out. nobody lost their keys, so 2M BTC hit the “supply side” of the market.
2. 10% of all BTC holders want to cash out. half of them lost their keys, so only 1M BTC hit the supply side of the market.
this is the way it makes a difference. in the latter scenario, BTC spot price would likely reach a higher value.