Don’t listen to a word I say I AM NOT A FINANCIAL ADVISOR, AND DO YOU OWN RESEARCH! Today is not April Fools Day it is November 3rd 2024. Almost on year ago to the date, the title of my podcast was
BUY BITCOIN NOW! At the time Bitcoin was selling at around $35,000.
That was on Novemeber 7th of last year. Despite the fact that Biden, Gary Ginsler, Eliszabeth Warren and their gronies, the US Media, and Banks have tried to surpress it, it is too big around the world, and it can’t be stopped! Today it is approaching nearly $70,000 and I believe in has a chance to hit $100,000 before January 1st 2025, as soon as we can get the US presidential election behind us. There are many reasons I feel that way, and I will share a couple with you in this article. Before we get into this article, I think it is important for me to say that if Harris is elected I will be moving all of my ALT coin positions into bit coin for reasons outlined in last weeks article, if you missed it, you can find it here:
Will Bitcoin Really Reach $1 Million by 2030? Financial Advisors Weigh In
The idea of Bitcoin reaching $1 million per coin by 2030 has generated substantial interest and debate. While critics argue that such valuations are overly optimistic, several well-regarded financial analysts and investment firms foresee the potential for Bitcoin to achieve this target. Experts point to factors like Bitcoin’s limited supply, increasing institutional adoption OUTSIDE THE US, technological advances, and the macroeconomic environment as key drivers behind this ambitious projection.
1. The Case for $1 Million Bitcoin: A Store of Value Like Gold
One of the primary arguments in favor of Bitcoin’s value soaring is its perceived status as “digital gold.” Unlike traditional currencies, Bitcoin has a limited supply of 21 million coins, which is crucial in a world where central banks often pursue inflationary policies. As a result, Bitcoin’s scarcity, combined with growing interest from institutional and retail investors, has bolstered its status as a store of value.
Cathie Wood, CEO of ARK Invest, has been one of the most prominent voices predicting a $1 million Bitcoin. According to Wood, Bitcoin’s network fundamentals have strengthened over time, and its base of holders has become more resilient. ARK Invest’s 2023 report asserts that Bitcoin’s long-term opportunity is growing stronger as it gains wider adoption. Wood’s analysis emphasizes five technological “platforms” that she believes will drive Bitcoin’s growth, including public blockchains, artificial intelligence, and energy storage, which together will revolutionize how people store and transact value
Wood explained:
“Bitcoin’s potential as digital gold is enormous, and with innovations in blockchain and related technologies, we expect it to capture a significant share of value traditionally held in gold and other safe assets.”
2. Institutional Adoption and Financial Market Integration
Institutional involvement in Bitcoin has steadily grown, contributing to the cryptocurrency’s stability and legitimacy. Major corporations, investment firms, and even governments have explored or initiated Bitcoin investments. Companies like MicroStrategy, led by CEO Michael Saylor, have invested billions in Bitcoin, citing its potential to act as a hedge against inflation and currency devaluation.
Jack Dorsey, co-founder of Twitter and CEO of Block (formerly Square), is another advocate for Bitcoin. Dorsey has long maintained that Bitcoin could emerge as the world’s “native currency,” particularly valuable in places with unstable economies or authoritarian regimes. Bitcoin’s decentralized nature appeals to those seeking financial sovereignty, which, according to Dorsey, could drive unprecedented global adoption.
3. Rising Utility in Emerging Markets
Financial analysts and advisors often highlight the growth of Bitcoin in emerging markets where traditional banking systems are either lacking or unreliable. As more people gain access to the internet, they can use digital wallets to access Bitcoin and other cryptocurrencies, bypassing traditional banks and payment services. This utility is particularly relevant in regions experiencing high inflation or economic instability.
Prominent investor Raoul Pal, CEO of Real Vision, has argued that Bitcoin could see exponential growth in adoption in emerging markets. According to Pal, Bitcoin represents an accessible store of value for populations vulnerable to currency depreciation, which makes it an attractive asset for people in these regions.
“Bitcoin’s decentralized nature and the empowerment it provides to individuals in financially unstable areas set it apart,” Pal said. “This demand is crucial for its valuation, especially if large portions of the population in these regions adopt it as their reserve asset.”
4. Potential Impact of Technological Advancements
Bitcoin’s potential also hinges on developments in blockchain technology and its integration with emerging technologies like artificial intelligence (AI). According to ARK Invest’s analysis, the convergence of blockchain, AI, and digital assets could create new efficiencies and applications for Bitcoin. For instance, AI could enhance blockchain security, scalability, and energy efficiency, making Bitcoin more sustainable and appealing for institutional investors.
ARK Invest’s research further indicates that digital wallets, which are increasingly integrating AI features, could reach nearly 65% of the global population by 2030, enhancing Bitcoin’s usability. Additionally, as energy solutions improve, renewable energy sources could offset some of the environmental concerns surrounding Bitcoin mining, potentially removing a barrier to broader adoption.
5. Inflation and Macroeconomic Instability
In the current economic climate, characterized by persistent inflation and mounting national debt, many analysts see Bitcoin as an attractive hedge. Bitcoin’s fixed supply makes it resistant to the inflationary policies of central banks, which print more money to address financial crises or support economies. In this context, Bitcoin’s deflationary nature has become more appealing to investors concerned about fiat currency devaluation.
Lyn Alden, a respected macroeconomic analyst, has noted that Bitcoin’s appeal lies in its unique properties compared to traditional assets. Alden suggests that Bitcoin’s potential stems not only from its limited supply but also from its robust network, which becomes more valuable as more people use and trust it.
“Bitcoin is not only scarce; it’s decentralized and, thus, immune to government influence,” Alden said. “In a world where central banks are printing unprecedented amounts of money, Bitcoin provides a sanctuary for those seeking a currency with a predictable supply.”
6. The Role of Decentralization and Censorship Resistance
One of Bitcoin’s primary advantages is its decentralized nature, which makes it resistant to censorship. This quality has become more relevant as governments worldwide implement stringent financial controls. For instance, during economic crises, some countries have restricted access to foreign currencies or placed caps on cash withdrawals, pushing citizens to seek alternatives like Bitcoin.
Mark Yusko, founder and CEO of Morgan Creek Capital Management, underscores the importance of Bitcoin’s decentralized architecture. He argues that the push for financial control and surveillance by some governments will drive people toward Bitcoin as a means to maintain privacy and autonomy over their assets.
“Bitcoin is freedom money,” Yusko explained. “In an era where financial privacy is increasingly restricted, Bitcoin’s decentralized structure gives individuals a way to maintain financial autonomy.”
7. Skepticism and Risks to Consider
Despite these bullish predictions, Bitcoin’s path to $1 million per coin is not guaranteed, and many skeptics who have written in off from the beginning and never really studied it, warn of risks.
People can be skepticall all they want. However the approaval of bitcoin ETF’s this year has changed the game. I understand that Iook at the world different than most. In my mind BLACK ROCK OWNS EVERYTHING, they are calling the shots and moving corporate executives and politicians around like pawns on a chess board.
Bitcoin has instructed their main stream media pundents and Bidens crowd to talk down Cryptocurrencies every chance they get, while they are buying up as much as possible. Over a billion dollars worth of bitcoin, last week. The Blackrock’s iShares Bitcoin Trust (IBIT) currently holds 433,713.2 as of Nov. 1, 2024
Skeptics can talk about use case, lack of fundamentals, hype and speculation all they want. (Mr. Buffett)
But the fact are Blackrock is pulling the strings, and it you don’t understand that by now, there is not musch more I can say. When I got word from reliable sources that the ETF’s were going to be approved, I yelled as loud as I could and went on record encouraging every one to BUY BITCON NOW, last Novemeber.The Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) two month later on January 10, 2024, marked a significant milestone in the landscape of crypto investment in the United States. Bitcoin ETFs provide a scalable bridge from traditional finance to crypto — a pivotal integration point allowing Block Rock to implement their plan for total domination.
Final Thoughts
The prediction that Bitcoin could reach $1 million by 2030 may seem ambitious but it is not unfounded. Proponents argue that Bitcoin’s limited supply, growing adoption, and resilience against inflation make it a unique asset in today’s financial landscape. While challenges remain, especially in the realms of regulation and technological sustainability, financial advisors like Cathie Wood, Jack Dorsey, and Mark Yusko believe that Bitcoin’s potential as “digital gold” could lead to unprecedented price appreciation.
Again, don’t listen to a word I say, do you own research, but yest I will be reminding you yet again in 2030 that I tried to tell you!