Nov. 10 at 3:40 PM
$CGAC
on average 900
$BTC.X are mined per day. that is 328,500 per year (excluding leap years)
With CGAC os 9,000,000,000 approx... CGAC would need an approx inventory of 90,000 bitcoins for
$1 eval... but if you were to 30x the eval then really, at 9 billion outstanding you could see 30,000 bitcoin vault sustain a sp of
$1 at 30x multiple... this is just spit balling and numbers nothing like this, but you get the point. So how long would it take to for CGAC to mine 30,000 bitcoin...
Regardless, this would hit ten cents waaaaaaayy before any of it.... even without verification of even a fraction of bitcoin in the vault. and at ten cents... we all rich. Market just wants to see progress, and big opp for a larger player to merge with
