BitcoinLong
BTC 15k is coming ! here is when...
This is an era of near-zero interest rates, even negative nominal interest rates in some cases, and vast money-printing. Key interest rates and sovereign bond yields throughout the developed world are below their central banks' inflation targets. The fast creation of currency has demonstrably found its way into asset prices. Stock prices, bond prices, gold prices, and real estate prices, have all been pushed up over the past 25 years.
Even a 1% spillover into Bitcoin from the tens of trillions' worth of zero-yielding bonds and cash assets, if it were to occur, would be far larger than Bitcoin's entire current market capitalization.
Why This is Unlike the Great Depression?
In early May 2020, Paul Tudor Jones became publicly bullish and went long Bitcoin, describing it as a hedge against money-printing and inflation. He drew comparisons between Bitcoin in the 2020s and gold in the early 1970s.
And speaking of retail, the onboarding platforms for Bitcoin are getting easier to use. When I first looked at Bitcoin in 2011, and then again in 2017, and then again in early 2020, it was like a new era each time in terms of the usability and depth of the surrounding ecosystem.
Some major businesses are already on board, apart from the ones that grew from crypto-origins like Coinbase. Square's (SQ) Cash App enables the purchase of Bitcoin, for example. Robinhood, which has enjoyed an influx of millions of new users this year, has built-in cryptocurrency trading, making an easy transition for Robinhood users if they happen to shift bullishness from stocks to cryptos. PayPal/Venmo (PYPL) might roll it out one day as well. As of now the future of blockchain looks so bright, and 15k BTC is coming.
Even a 1% spillover into Bitcoin from the tens of trillions' worth of zero-yielding bonds and cash assets, if it were to occur, would be far larger than Bitcoin's entire current market capitalization.
Why This is Unlike the Great Depression?
In early May 2020, Paul Tudor Jones became publicly bullish and went long Bitcoin, describing it as a hedge against money-printing and inflation. He drew comparisons between Bitcoin in the 2020s and gold in the early 1970s.
And speaking of retail, the onboarding platforms for Bitcoin are getting easier to use. When I first looked at Bitcoin in 2011, and then again in 2017, and then again in early 2020, it was like a new era each time in terms of the usability and depth of the surrounding ecosystem.
Some major businesses are already on board, apart from the ones that grew from crypto-origins like Coinbase. Square's (SQ) Cash App enables the purchase of Bitcoin, for example. Robinhood, which has enjoyed an influx of millions of new users this year, has built-in cryptocurrency trading, making an easy transition for Robinhood users if they happen to shift bullishness from stocks to cryptos. PayPal/Venmo (PYPL) might roll it out one day as well. As of now the future of blockchain looks so bright, and 15k BTC is coming.
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