Member Info for Peoplepower1

Bitcoin is expected to reach $1 million by 2030.

SWC have proceeds to buy 1000 bitcoin and own nearly 600 bitcoins already.

SWC have nearly £100 million to buy 1000 more bitcoin.

1000 bitcoin on its own is worth nearly £1 billion.

USDC issuer Circle's CRCL took a hit on Tuesday, retracing 15% from its previous daily close of $263, with its market capitalization dropping below $60 billion.

The decline was likely fueled by sell-offs from major shareholders, including Cathie Wood's Ark Invest, which offloaded 415,844 of its Circle shares for roughly $110M on Monday.

CRCL's plunge comes after a bullish rampage since the company listed on the New York Stock Exchange (NYSE) on June 5. From an initial public offering (IPO) price of $31, CRCL skyrocketed over 800%, reaching a high of $292.5 on Monday. The company's market value also rose above $71 billion, outperforming USDC's market cap and nearly matching that of Coinbase before its decline.

USDC issuer Circle's CRCL took a hit on Tuesday, retracing 15% from its previous daily close of $263, with its market capitalization dropping below $60 billion.

The decline was likely fueled by sell-offs from major shareholders, including Cathie Wood's Ark Invest, which offloaded 415,844 of its Circle shares for roughly $110M on Monday.

CRCL's plunge comes after a bullish rampage since the company listed on the New York Stock Exchange (NYSE) on June 5. From an initial public offering (IPO) price of $31, CRCL skyrocketed over 800%, reaching a high of $292.5 on Monday. The company's market value also rose above $71 billion, outperforming USDC's market cap and nearly matching that of Coinbase before its decline.

No, work them out for yourself and learn.

Stop being so lazy.

I've given you the answers so please read, learn and try to understand.

By the way you've got your figures wrong.

I've already given you the answers in all my posts and links.

Maybe you don't understand them.

Maybe you do and are simply being obstructive.

Either way you are wasting people's time on here with all your same posts again and again and again.

MicroStrategy's share price is about 45 times it's NAV

NAV is calculated by taking the total market value of a fund's holdings (assets), subtracting any liabilities (like expenses or debts), and then dividing that number by the total number of outstanding shares or units in the fund.

Countries buy US Government Bonds fir the interest they pay on these.

Dominance means getting countries to hold US Government Bonds. US Government Bonds are used to finance the Government.

With a strong dollar they are costly for countries to hold.

Bitcoins as global reserve currency allows the US dollar to become weaker which means more countries will buy US Government bonds as well as bitcoin.

Dominance doesn't mean reserve currency at all.

No it doesn't.

Dominance is not the same as strength

Trump has promised to be the “crypto president,” who will popularize its mainstream use in America.

He has said he backs crypto because it can improve the banking system and increase the dominance of the U.S. dollar.

Trump has promised to be the “crypto president,” who will popularize its mainstream use in America.

He has said he backs crypto because it can improve the banking system and increase the dominance of the U.S. dollar.

From what I've gleaned and I'm no expert, Donald Trump wants to make bitcoin the global reserve currency.

The US dollar as the global reserve currency means there will always be trade deficits for the USA because the US dollar as the global reserve currency will remain too strong.

The person/people who developed bitcoin put a limit on how many bitcoins there could ever be made. The maximum number is 21 million bitcoins.

To be the global reserve currency, the total 21 million bitcoins need to be worth in the region of $250 trillion.

This would mean one bitcoin having to get to something like $12 million.

Nearly 20 million bitcoins have been mined already and with more and more companies buying and holding bitcoin it looks like the bitcoin price will go up with less than 1 million bitcoins remaining to be mined.

I know this sounds crazy, it does to me too, so please do your own research.

In the summer of 2023 bitcoin was about $25,000, 2024 it was about $50,000, now it’s over $100,000.

Good luck everyone

You need to research bitcoin and its potential for the future.

Markets work on future value of bitcoin.

I didn't, you haven't read what I've posted and tried to learn about the future of bitcoin.

He didn't say it yesterday, look at the date of your link, it is December 2024 before Trump became President.

Https://cryptoforinnovation.org/trumps-crypto-appointments-key-leaders-in-the-administration/

Again, click on the link and read about Trump's bitcoin appointees.