However, the available BTC on the sidelines may jump in and that would require up to 91.7k+335k BTC = 640M USD.
Now, I don’t have data for finex, okcoin, btce and other exchanges but they surely would add quite something to that amount.
Also, I’m not sure if I recall correctly that someone posted the stamp wallet a couple of times since May and it was at around 260k then it grew close to 300k. That would require revising the above figures upwards.
Maybe someone will take it from here but I don’t think 100M USD will do anything visible to the price. Remember that finex has more than 22M in longs and it seems that it couldn’t even stop the downtrend let alone to increase the price even so slightly. So, to get a 4-5x increase in price I suspect we need on the order of 1B USD or more. Yes, there will be a rush in of fresh money but also a rush in of old coins too…
Good part is I think it is still doable of having 100k newcomers each bringing in a fresh 10K USD (in average).
Thanks. An input of 1 G$ is obviously less likely than 100 M$, but still way less than the 600 G$ estimated earlier from the total coins. Not impossible, I woudl think.
By the way, the market cap is not very relevant for bitcoin because the vast majority of the coins was bought at such low price, and if they were to be sold the price might crash to single digits again. It would be more interesting to estimate the amount V of USD that people invested buying the 113.6 M existing coins.
An estimate of V would be the sum of the bitcoins in each unspent transaction output (UTXO) in the blockchain, times the USD/BTC price on the date of that transaction. Thus, for example Satoshi's million bitcoins would count as a few dollars, rather than ~300 M dollars. Anyone would care to compute that? That number would be only a rough estimate of V, more likely on the high side, since the last transaction for some UTXO may not have been a sale.
