Thread by @BitcoinMagazine

"Eventually, fiat will come into bitcoin in such astronomical quantities, that fiat will cease to exist."

@FriarHass explains how Bitcoin's auto DCA army will inevitably hold all BTC through attrition, driving the price toward $1 million and beyond.

bitcoinmagazine.com/markets/dca-ar…

@FriarHass "You can rationalize that today’s 'stable' price of $30,000 as a mere 2.7 million people migrating $10 worth per day, or 0.085% of the global workforce.

"After the next halving in 2024, this will double to $1,555,555.55."

@FriarHass "I’ll give a hypothetical scenario of what might possibly happen if Bitcoin were to suddenly be hit with $700 million per day, relentlessly, over a one year period.

"The first two weeks is the stealth phase of the operation — $1.4 billion to play with."

@FriarHass "Weeks five and six see the continuation of the 'shitcoin waterfall,' but now at the lower tiers, and therefore continued heavy selling. Despite that, price is still rising only 10% week on week."

@FriarHass "The DCA army picked up an additional 800,000 BTC in weeks 19 to 22. With all speculative, weak-handed coins almost completely absorbed, the price bounces back very strongly, gaining 30% week on week in weeks 23 and 24."

@FriarHass "Over the next 24 weeks, nothing spectacular happens — hence the name 'normalization.' Price simply goes up 10% per week, with the Army patiently stacking tens of thousands of coins per week — short sellers, institutions and general onlookers in disbelief."

@FriarHass "The above is merely illustrating that, with enough time, the entire available supply will eventually go into the hands of the religious zealot auto DCA army based on pure attrition alone... Have you enlisted in the DCA army yet?"