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ROLLUP: Operation Choke Point | SEC Crypto Staking Crackdown | Genesis Earn Repayment | a16z Uniswap
Bankless
Bitcoin Can't Sustain a $1 Million Price Tag
Bitcoin at $1.5 million in 2030 means that it's issuing $2.33 million every 10 minutes in block rewards. No bull market could ever sustain $2 million of flows out of Bitcoin miners, because they have to sell. The bear case is when I hear that most bearish possibility, Cathie Wood things could happen for Bitcoin, 258K per Bitcoin. Actually, I could see the bear case playing out.
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