bitcoin (BTC) will absorb "all prosperity gains" in the future and leave behind those who have no exposure as a result, says a new prediction.
in a Twitter thread On July 8, investor Luke Broyles laid out a bold vision of how Bitcoin would become the "base money of society."
Investor Tells Potential Bitcoin Buyers: "Get Down From Zero"
What started as a comment on how artificial intelligence (AI) is welcoming BTC soon turned into a dramatic summary of how it should end up as the world's go-to currency.
For Broyles, Bitcoin's key attribute, a fixed and unchanging supply, makes it unique as a future-proof asset.
โEvery innovation (even AI) will be rushed in as quickly as possible to competitively force prices down. All countries will rush as quickly as possible to print money to force up prices and support credit markets. Both forces will increase in speed,โ she wrote.
Meanwhile, BTC will remain constant in its issuance, and as a result, even a small exposure is a world away from nothing.
โWe have less in common with the future than with the pastโฆBitcoin is already trading for hundreds of millions of political currency units in many nations. But the big REAL problem is that all prosperity gains from all future innovations will flow into society's base money: BTC,โ Broyles continued.
โThat's why it's CRUCIAL for people to 'go down from zero.' Saying 'Bitcoin is digital gold' is like saying a locomotive is an iron horse."
His perspective is in line with that recently published by Arthur Hayes, former CEO of crypto derivatives exchange BitMEX.
As Cointelegraph reported, Hayes believes that AI will instinctively choose BTC as its financial soul, again thanks to its unique qualities compared to other assets, including gold.
As a result, AI alone could push BTC price beyond $750,000 per token.
BTC supply dominance reaches โtipping pointโ
In the meantime, the race may already be on to secure the remaining supply of BTC.
Related: BTC Price Remains 'Definitely Bullish' as โโ$30K Bitcoin Buyers Emerge
Broyles argued that Bitcoin's liquidity did, in fact, peak during the March 2020 cross-market crash, and has never retraced its steps since.
When the world's largest asset manager, BlackRock, announced the introduction of an exchange-traded fund (ETF) based on Bitcoin pointsMeanwhile, US BTC activity has skyrocketed.
As noted by on-chain analytics firm Glassnode, the US appears to be reassessing its own exposure.
โFollowing the announcement of the Blackrock Bitcoin ETF application on June 15, the portion of the Bitcoin supply held/traded by US entities has seen a notable increase, marking a potential turning point in supply dominance if the trend holds.โ commented July 8th.
An accompanying graph showed the differences in the change of ownership of the regional BTC supply.
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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making a decision.
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