Bitcoin, perfect active in the next 1000 years?
Really active, really? Bitcoin is a unique benefit that many investors have seduced over the years. But there is still a long way to become a global reserve asset. In any case, it was what Will Woo said at the Honeybadger Baltic conference.
- WOO said that bitcoin could become a perfect benefit for the next 1000 years, but must first attract more capital to compete with the US dollar and gold.
- Obstacles such as institutional adoption and dependence on bitcoin point brake bitcoin in your efforts to become a global reserve asset.
Bitcoin: Perfect active for the next 1000 years
During the conference Baltic Honeybadger, WOO WOO TRADER AND INVESTOR She shared her vision of the future of the Queen of Cryptocurrencies.
According to him, Bitcoin would be “Perfect Asset for the next 1000 years”. However, it believes that bitcoins will not be able to accompany Dethro by the US dollar or gold unless you attract much more capital.
” The point is that you cannot change the world if this monetary asset – in my opinion, the perfect assets for the next thousand years – do not do its job unless capital flows increase and become important enough to compete with the US dollar. »»
As Woo Woo emphasizes, Bitcoin currently represents only 11% of gold capitalization. Therefore, it is still not considered a reserve asset.
Risks related to institutional acceptance
According to Wilo Woo, two main obstacles still slow BTC in their efforts on the world’s reserve asset.
On the one handAccepting Bitcoins by companiesAlthough it accelerates adoption, it asks questions about the structuring of their debt. In fact, there is little information about how these companies manage their bitcoin debt. This could cause a A speculative bubble if the market is to fix.
” No one really examined the structure of debt, so I absolutely think the weakest explodes and that people can lose a lot of money. »»
On the other hand Dependence on bitcoin spots And pension funds to expose Bitcoin, rather than personal protection, could increase the risk of rug -led rug by government.
” What is happening in the market -decreasing market? Who swims naked and how many parts are returned to the market? »»
In fact, institutional investors who hold most BTC do not actually choose personal protection. Instead, they prefer solutions such as Bitcoin Spot ETF or Bitcoin cash companies such as a strategy.
(Tagstranslate) financial markets