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“Log Scale” | Producer of T₿S — The Bitcoin Spot Profile picture
“Log Scale” | Producer of T₿S — The Bitcoin Spot
@_log_scale_
Producer of The Bitcoin Spot (T₿S) on Twitter Spaces | Follow @TheBitcoinSpot for our Spaces (it’s the old Log Scale account) | Follow me here for my thoughts
Jan 10, 2022 • 15 tweets • 5 min read
#Bitcoiners — Reconcile any bearishness you have with the following:

A) Friday's poll: 80% of you think a $1 million BTC price (~$20 trillion market cap) is enough to trigger global FOMO into hyper- #bitcoin -ization.

THREAD ⤵️ This thread is more clear, more conservative and less hyperbolic than last week's.

We know that it takes <$20 trillion flowing into Bitcoin to raise its market cap by $20 trillion.

That's because there's an inflexible supply, unwilling sellers (hodlers) and a small float. ⤵️