Forget US Household debt, US Household cash = $112 Trillion USD26 Nov 2020 17:28
Forget US Household debt, US Household cash = $112 Trillion USD, with less than 1% interest rates on prime fixed income assets available within the markets. Further QE on it's was, possibly $2 to $3 Trillion USD. This does not include the EU and elsewhere, meanwhile Gemini and others are paying over 8% interest to Bitcoin hoddlers. The Bitcoin rocket of love has much much further to go me thinks, make the most of these pull backs!
Bitcoin current value = $265 Billion (Approx), with just 1% of US household cash invested ($1 Trillion) = $56K per Bitcoin. I can see now why many analysts have such high valuations now.