RE: GS2018 Apr 2024 01:21
Kong,
Re: 'GS20 linkedln page is taking about Bitcoin halving in 3 days
Can anyone shed any light on this, and what it means ? '
OK my simple economic analysis:
If the supply of BTC goes down as in the case of reducing the supply by 50%, what would you naturally expect the price of BTC to do if the DEMAND for BTC remains the same? Obviously the price of BTC should at the very least Double?
Anyway, as far as GST is concerned it don't really matter if you stop and think about it. Why?
Simply because GST get their revenue from commission fees O.02% of the transaction value be it a Buy or Sell of BTC. So, if volumes of BTC transactions is reduced but at twice the price, nothing really changes.
The only potential downside might be that should volumes of BTC reduce substantially??? then will the price of BTC falls in order to make a market for BTC, that's the only question I can think of, and that in turn will affect GST.