13/ Investors and high net-worth individuals are convinced to allocate a portion of their portfolio (1-5%) to Bitcoin to capture further growth, as well as increase Sharpe ratio of their traditional portfolios.
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14/ Such speculation facilitates a ‘speculative attack’ on ““stable”” fiat currencies as the increase in demand for Bitcoin necessarily involves a reduction in demand for fiat currency causing higher expected fiat inflation (see
@pierre_rochard Speculative Attack article).2 replies 10 retweets 131 likesShow this thread -
15/ Central banks, in an attempt to adapt to the new conditions, start to accumulate Bitcoin (somewhat similar to gold today) causing the price to increase more and “legitimize” Bitcoin even further.
3 replies 8 retweets 123 likesShow this thread -
16/ Bitcoin’s market capitalization is now in the tens of trillions. One of the greatest monetary wealth transfers in human history has occurred. Most of the investors are reaping large profits and are willing to part with some of their Bitcoin to pay for their purchases.
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17/ Bitcoin’s volatility subsides as both the market cap and the liquidity are larger than ever.
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18/ More and more people demand to be paid in Bitcoin now that it has proven to be a good store of value given its disinflationary (later deflationary) nature.
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19/ Bitcoin’s use as a medium of exchange becomes a widespread practice.
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20/ Bitcoin is now also increasingly used as a unit of account.
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21/ Due to the emergence of a superior, uninflatable, new monetary standard, people increasingly store their wealth in Bitcoin rather than fiat currencies. Central banks’ power is reduced and previous local monopolies on money are described by historians as a relic of the past.
20 replies 31 retweets 289 likesShow this thread -
Replying to @misir_mahmudov
What year do you think this will all come to fruition?
1 reply 0 retweets 0 likes
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