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The Future of Bitcoin

The Future of Bitcoin

Matt McDonagh's avatar
Matt McDonagh
Aug 05, 2024
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Wealth Systems
Wealth Systems
The Future of Bitcoin
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Bitcoin’s future is driven by adoption.

I believe we’re watching Bitcoin become both the global store of wealth and the medium of exchange.

That would take the current $1T market cap considerably higher.

200x to 300x

Bitcoin’s rise is driven by adoption at the household, enterprise and sovereign levels. These layers of the global capital pyramid are increasingly buying and using BTC. This adoption curve will be driven by Bitcoin gaining global leader status in three areas:

  1. Monetary & Financial

  2. Transactional & Payment

  3. Technological & Infrastructure

Monetary & Financial Statuses: The Bedrock of the New Economy

Bitcoin's monetary and financial statuses are laying the groundwork for a new economic paradigm. As a digital gold, it offers a decentralized, scarce, and portable store of value, increasingly appealing in a world grappling with inflation and geopolitical uncertainty. Its potential as a universal reserve currency is gaining traction as institutions diversify away from Treasuries and USD d…

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