What %of coins out there would need to be locked

Question

Bitcoin Cash (BCH)

🗿len

What %of coins out there would need to be locked

up in order to 2x the market value? Not 50 I take it…

#bch #bitcoincash #cryptocurrency #english

0

18.05.2024

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2qx#72497; 🦇

This could be guestimated by measuring coin days destroyed in each block, i.e. the coins in flux or on the market are coins that recently moved.

0

6 месяцев назад

Jeremy · Accepted Answer

Hard to say. But it's far, far lower than 50 certainly. Let's say 21 million coins total. 19.7 million currently mined. 1 million for Satoshi, 3 million lost, 2 million lost in fork. I believe there's probably about 13 million BCH circulating today. Of that, 12+ million are held by HODLers. The marketprice of BCH is set by 1 million or less BCH that is available for sale at anything approaching the current price range. If someone bought even 100 000 BCH, the price impact would be enormous. Consider that BCH went from $1500 to $100 essentially on the sale of 100 000 BCH from the CoinFlex SmartBCH bridge disaster, plus probably some rugged customer funds. So even 1% of circulating BCH being brought up would be more than enough to double the price most likely.

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What %of coins out there would need to be locked

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