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BCB113_JESSE MYERS (Croesus): Number Go Up.
Blue Collar Bitcoin
The Supply Demand Price Equilibrium
Right now there's 900 Bitcoin being mined a day and at 30,000 per Bitcoin that comes out to $900 million of Bitcoin per month. The next having arrives and overnight the amount of new supply being created every day, every week, every month gets cut in half. So then you've got this supply demand, disequilibrium. You've upended your price equilibrium because there's not enough supply to satisfy all the demand at the current price level. And that's where this parabolic advance turns into a bona fide bubble.
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