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Cryptocurrency News Video

$13,000,000 BTC per coin in 21 years, what's it mean? Michael Saylor's Prediction

Nov 23, 2024 at 07:56 am Bits Be Trippin'

Michael Saylor’s prediction of Bitcoin reaching $13,000,000 per coin in 21 years could stem from several interconnected factors. BBT Carter runs you through a in house built Model that looks at Bitcoin Mining and what this means even for the small time Bitcoin Miner. Below is a general thesis outlining why this scenario could occur. : 1. Limited Supply and Increasing Demand Bitcoin has a fixed supply of 21 million coins, with approximately 19.5 million already mined. This scarcity ensures that no matter how much demand grows, the supply cannot increase. As adoption increases, this fixed supply will likely drive up prices significantly due to basic supply-and-demand economics. 2. Adoption as a Global Reserve Asset Bitcoin has unique properties—scarcity, decentralization, and portability—that position it as a potential global reserve asset akin to digital gold. If governments, corporations, and institutions adopt Bitcoin as a hedge against inflation or economic uncertainty, the resulting influx of capital could massively increase its value. 3. Inflationary Pressures and Fiat Currency Devaluation Continued money printing and high national debts in many countries erode the value of fiat currencies over time. Bitcoin, with its deflationary nature (due to its halving cycle), becomes an attractive store of value. As fiat currencies lose purchasing power, the nominal price of Bitcoin could soar. 4. Network Effects and Technological Advancements The Bitcoin network benefits from a strong network effect, where each new participant increases the utility and value for all others. Improvements in infrastructure, such as Lightning Network for faster transactions and broader ecosystem development (wallets, exchanges, etc.), will make Bitcoin more accessible and valuable. 5. Institutional Adoption In recent years, large financial institutions have shown increasing interest in Bitcoin. Companies like BlackRock, Fidelity, and others are positioning Bitcoin within ETFs and investment portfolios. Greater institutional adoption legitimizes Bitcoin and injects trillions in potential investment capital. 6. Widespread Retail Adoption The growth of mobile payments, crypto-friendly banking systems, and increasing awareness of Bitcoin among retail investors could bring millions, or even billions, of new participants into the market. 7. Increased Utility Beyond a Store of Value Bitcoin could evolve into a backbone for financial services, such as international remittances, decentralized finance (DeFi), and a medium for smart contracts. Greater utility would drive demand. 8. Geopolitical Events Geopolitical uncertainty, such as conflicts, trade wars, or currency crises, could drive people and nations to seek safe-haven assets. Bitcoin, being borderless and censorship-resistant, fits this role well. 9. Halving Events and Supply Shocks Bitcoin’s quadrennial halving events reduce the block reward miners receive, decreasing the amount of Bitcoin entering circulation. With each halving, supply becomes more constrained, creating upward pressure on price if demand remains steady or increases. 10. "Bitcoin as Energy" Narrative Saylor and others have emphasized Bitcoin’s ability to monetize stranded energy and serve as an energy storage mechanism. Bitcoin mining, powered by renewable and otherwise untapped energy sources, may further strengthen its global appeal and use case as a decentralized energy-backed currency. 🌎 Links Container Setup Toolless Mini Rack - https://tinyurl.com/2p9tub49 Dream Machine Pro Max - https://tinyurl.com/43k246h9 Aggregator - https://tinyurl.com/45yzfvcx Switch Pro 24 PoE - https://tinyurl.com/yvw8fvs7 Switch Pro 48 Port x 2 - https://tinyurl.com/2swkbmtz (inside) Camera AI Pro / Black x2 - https://tinyurl.com/3r669fpu (outside/gate) Camera G4 PTZ Industrial x1 - https://tinyurl.com/3rn9knnx Mobile Setup Ubiquiti Cloud Gateway Ultra - https://tinyurl.com/2atx3x7e Ubiquiti Power Distribution - https://tinyurl.com/3vkmz5ap Ubiquiti Pro 8 POE Switch - https://tinyurl.com/ycx2puzr Ubiquiti Wifi 7 AP - https://tinyurl.com/bddc88x8 Starlink V3 - https://www.starlink.com/ Were giving you $1000 off your next Tesla (no for real) - https://www.tesla.com/referral/mike15641 🎼 Background Audio → None 💬 Contact Us www.bitsbetrippin.io To reach out to us for your project or support, reach out to info@bitsbetrippin.io 👕 Check out the BitsBeTrippin merch, refresh in 2024 → Coming Soon 🌎 Follow BitsBeTrippin everywhere → Twitch - twitch.tv/bitsbetrippin → Twitter - twitter.com/bitsbetrippin ** Note - Some links maybe affiliate links. Links like Amazon and/or other's #bitcoin #btc #saylor
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