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Why You Should Buy Bitcoin With Your Eyes Closed (2 Million Dollars Each)
Why You Should Buy Bitcoin With Your Eyes Closed (2 Million Dollars Each)
Why You Should Buy Bitcoin With Your Eyes Closed ($2 million Each)
The Executive Director, Strategic Initiatives, Greg Foss urges investors to buy Bitcoin as much as possible because, in the future, the digital asset can rise to as high as $2 million.
Here are the highlights of the video:
This is how Foss reached his $2 million Bitcoin projection:
Today, total global financial assets including equities, gold, real estate, fine art, etc, are $900 trillion.
Bitcoin has a chance of becoming the global reserve asset of the world because, in 10 years, oil and natural gas will become priced in Bitcoin. The reason is because of the rule of conservation of energy.
The reality is that oil and natural gas are based on the US dollar, which is programmed to debase fiat currencies. Besides, US treasuries are a feared contract that's also programmed to debase. You can also sell your natural resource energy for Bitcoin.
Over time, there will be enough people or nations that will want to price energy in Bitcoin. When that happens, it becomes the reserve asset of the world. But at what percentage of the $900 trillion reserved assets will crypto capture? Let's say, 5%, which is $45 trillion. Divide this by 21 million Bitcoin. That's over 2 million a Bitcoin.
How will Bitcoin get there? First, the recent adoption of Bitcoin by El-Salvador is a good step.
Michael Saylor, the genius of Wall Street also figures out that every single corporation should issue debt to capture certainty of debate and contract in trade for Bitcoin. Eventually, the combination of institutions such as hedge funds and insurance companies will add to the high price. The reality is that if energy is priced in Bitcoin, it will remove the petro-dollar focus, and Bitcoin will become the de facto reserve asset of the world, and the price will shoot up
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