The case for a small allocation to Bitcoin
Topics Covered:
- What is interesting about the Bitcoin Blockchain?
- Where can a sovereign platform add value?
- What does a world in which Bitcoin succeeded look like?
- Why not another cryptocurrency instead of Bitcoin?
- How can Bitcoin fail?
- Bitcoinβs price action
- Why do I believe 1 Bitcoin may be worth $1 million in 7 to 10 years?
EXCERPT
Bitcoin is a fascinating experiment but it is still just that: an experiment. As such it still has a chance of failing and becoming worthless. In my (subjective) opinion the chances of Bitcoin failing are at least 20%. But after 10 years of working well without interruption, with more than 60 million holders, adding more than 1 million new holders per month and moving more than $1 billion per day worldwide, it has a good chance of succeeding. In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years.
Read in Full