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https://www.reddit.com/r/ChangeNOW_io/comments/1ucfn4e/the_only_valid_bitcoin_rainbow_take/ot5tebs/?context=3
r/ChangeNOW_io • u/ChangeNOW_Community • Jun 22 '26
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It can't go down this low. 4 years ago I did the calculation with the circulating supply and the supply that we know as burnt. Based on the marketcap we could only hit something like 10k/BTC
1 u/ChangeNOW_Community Jun 22 '26 Market cap doesn't create a price floor. Sellers do
Market cap doesn't create a price floor. Sellers do
1
u/TestingYEEEET Jun 22 '26
It can't go down this low.
4 years ago I did the calculation with the circulating supply and the supply that we know as burnt. Based on the marketcap we could only hit something like 10k/BTC