Sunday 21 November 2021

Unpopular opinion: Anything over $500 per BCH and $10,000 for BTC is just gravy and not based on real economics.

Of course both are just made up but my point is both are over priced for how much economic activity is actually happening on them.

In a day BCH does 100k transactions, BTC does 300k and Visa does 150 million. So BTC should be worth around 1/2% of Visa, like $450 billion, like $2.5 billion NOT $1 Trillion!

I'm not one of those fear mongers saying BTC is about to crash (I think it is) I'm just saying the floors of BTC and BCH are much lower than the current prices.

submitted by /u/Adhesive_Cum_
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source https://www.reddit.com/r/btc/comments/qyiuty/unpopular_opinion_anything_over_500_per_bch_and/

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