Halving boosts the Bitcoin price by 2.3 times — and my $1 million target

Mined bitcoins aren’t necessarily spent

Source ByteTree.com

Buyers and sellers are matched

Velocity

Source Bloomberg US Velocity of money GDP / M2 Money supply since 1990
Source ByteTree.com
Source ByteTree.com

Halving is a process

Source ByteTree.com

Halving boosts the intrinsic value by 2.3x

Source: ByteTree.com

Summary

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store