Dan Fleyshman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Why do I keep talking about that?
Supply and demand.
When you think about how many humans there are in the world, and more and more are being created, and as they grow up in a cryptocurrency, NFT, AI society, they will be comfortable buying Bitcoin.
Hundreds and hundreds of millions of people will want to buy Bitcoin, but there's only 21 million in total.
But wait, 4.6 million Bitcoin are missing and they're never coming back.
People lost their phones.
People lost their wallets.
People lost their laptops.
People lost their lives.
And every single day, more people lose their lives, their wallets, their laptops, and their phones.
And so as 4.6 million Bitcoin are missing, 4.7, 4.8,
4.9 over the course of time, the supply gets less and the demand gets higher.
Also, there's what's called the rounding error.
Let's say Stormy has $82 on her wallet and it's just kind of sitting there on like a cash app or Robinhood.
She's not really ever going to spend the 82 bucks.
It's probably just going to sit there.
What if 19 million people have 82 bucks on the side and they just don't spend it?
It just kind of sits there on their wallet.
What if 190 million people have 82 bucks just kind of sitting there that they don't ever spend?
That's called the rounding error.