DCA Army Drives $1 Million Bitcoin Price

In a recent podcast episode with Stephan Livera, I made a claim that Bitcoin was the greatest charitable movement in history and that its “donors” were those who actively support Bitcoin on a daily basis through automated buying of Bitcoin, mining (“donors of last resort”), educating and promoting (i.e., “stacking stackers”) and generally making Bitcoin more useful and accessible to others (development and building products). Until a better meme comes along, I will refer to these people as “The DCA Army.”

In this piece, I will not talk about the why or the how of the Bitcoin charity (that will be a much longer piece coming soon), but will focus on the mechanics of how it is entirely possible to create permanent price growth and stability through a coordinated, mass charitable effort.

So, strap yourselves in, suspend disbelief for the next seven minutes, and allow me to show you an extreme example of how the wealthiest, most charitable 2% of the world’s workforce — about 70 million people (less than 1% of the close to eight billion people alive today) — could very realistically create a permanently upwards sloping price floor for bitcoin, and drive the price toward a (relatively) stable price of $1 million per coin within a year or so.