I think that a large part of the priced in "value" of Bitcoin is just lots and lots of Bitcoin that nobody can access anymore.
replyBitcoin's supposed to be "liquid" but I'm wondering what happens when there's a forced liquidity event.
replyI mean, it's the opposite of that; it's forced illiquidity when people lose access to their keys. There is no way to gain access to those coins and you cannot "force" liquidity on the bitcoin protocol.
replyWhat do you mean by forced liquidity event?
replyIf people are trading bitcoin on margin or if Strategy is forced to sell a large percentage of its holdings.
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