Peter Dunworth: "Bitcoin will gradually increase then suddenly jump to $1M overnight, here's why..."

Financial Advisor Peter Dunworth explains that the ever increasing Bitcoin hash and adoption rate will inevitably lead to a large Nation State printing billions of dollars and use that inflated fiat to purchase as much BTC as they can get their hands on before the effects of that inflation sets in. This large purchase will likely take place within the next 2 halvings (5 to 10 years) and will trigger an overnight surge in price due to the scarcity it will create and the market ripple from the purchase itself.

Fidelity Investments predicts that by 2038 a single Bitcoin will be worth approx. $1B.
https://medium.com/coinmonks/fidelity-predicts-1-billion-bitcoin-db635f226195

Peter also believes that the first large Nation State purchase will trigger a buying frenzy by other Nations not wanting to be left behind, which will send the price of BTC up dramatically. At this point, there will likely be a refusal to accept fiat currencies for Bitcoin as the "Print Money -> Buy Bitcoin" scam will be well understood and this will lead to a "Bitcoin Standard" and the death of fiat.

This is very likely not a matter of if, but when. Fiat is steadily losing value and has become weaponized. China and Russia stopped buying our bonds and banking with the US because of this. CBDC will only be a worse version of this fiat system and crash if it ever gets off the ground at all. Nation States will seek out the hardest money they can find, incorruptible, uninflatable, unfreezable, uncensorable, cheap, fast and secure to send to settle debts with a full ledger of the transaction on an immutable blockchain. Why would any Nation State want to conduct trade using a currency controlled by another country and all the games and risk that come with it?

Original Video by Simply Bitcoin: https://www.youtube.com/watch?v=IOt4nq3lmgg

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