S Curve bitcoin adoption.
Demand doesn't have to grow anymore for price to continue exponential growth.
Supply is diminishing at current demand.
It's not unlikely that 2017 was a stunted cycle in the early phase of an S curve adoption cycle of this nascent technology.
In this chart I am predicting a roughly $100 Trillion market cap by 2030. I believe with diminishing supply and increasing demand it would only take a small fraction of $100T to bring BTC to those valuations. I believe that less than $10T invested into Bitcoin can pump the market cap to those valuations. I do believe that can and will happen in less than 10 years. I do believe that we still have larger percentage increases ahead of us than we saw in the last cycle.
The emerging Bitcoin economy will foster a new type of banking industry with free market interest rates. At a certain point in hyperbitcoinization people will realize they no longer need or want to sell their bitcoin for material items they want/need. With free market, sound money, over-collateralized banking, Bitcoin hodlers will be able to earn 10-25% interest on their Bitcoin. People will no longer need to rampantly speculate on risky stocks with astronomical PE ratios, when they can loan their own Bitcoin out at a "PE Ratio" of 4-10 with negligible risk. Conversely if the hodler is looking for a loan, they will be able to use their Bitcoin as collateral and receive a fiat loan to purchase a home/vehicle/etc while keeping their Bitcoin.
Imagine the supply/demand dynamics when virtually nobody is willing to sell their Bitcoin but literally everybody wants it.
Hopefully at that point we will have forgotten about "unit bias", or in other words preferring to own an arbitrary "whole coin" rather than preferring to own something more valuable. We will be able to look at even a million dollar bitcoin as a means of safely storing our value, even if it's only a few hundred or a few thousand dollars of value that we are looking to store in the form of a few thousand satoshis.
While literally everyone will benefit from this sound money system, those who buy Bitcoin earliest will reap the most benefit.
Demand doesn't have to grow anymore for price to continue exponential growth.
Supply is diminishing at current demand.
It's not unlikely that 2017 was a stunted cycle in the early phase of an S curve adoption cycle of this nascent technology.
In this chart I am predicting a roughly $100 Trillion market cap by 2030. I believe with diminishing supply and increasing demand it would only take a small fraction of $100T to bring BTC to those valuations. I believe that less than $10T invested into Bitcoin can pump the market cap to those valuations. I do believe that can and will happen in less than 10 years. I do believe that we still have larger percentage increases ahead of us than we saw in the last cycle.
The emerging Bitcoin economy will foster a new type of banking industry with free market interest rates. At a certain point in hyperbitcoinization people will realize they no longer need or want to sell their bitcoin for material items they want/need. With free market, sound money, over-collateralized banking, Bitcoin hodlers will be able to earn 10-25% interest on their Bitcoin. People will no longer need to rampantly speculate on risky stocks with astronomical PE ratios, when they can loan their own Bitcoin out at a "PE Ratio" of 4-10 with negligible risk. Conversely if the hodler is looking for a loan, they will be able to use their Bitcoin as collateral and receive a fiat loan to purchase a home/vehicle/etc while keeping their Bitcoin.
Imagine the supply/demand dynamics when virtually nobody is willing to sell their Bitcoin but literally everybody wants it.
Hopefully at that point we will have forgotten about "unit bias", or in other words preferring to own an arbitrary "whole coin" rather than preferring to own something more valuable. We will be able to look at even a million dollar bitcoin as a means of safely storing our value, even if it's only a few hundred or a few thousand dollars of value that we are looking to store in the form of a few thousand satoshis.
While literally everyone will benefit from this sound money system, those who buy Bitcoin earliest will reap the most benefit.