Today, 02:26 PM
Bitcoin is basically digital gold and is becoming a go-to asset class as capital controls and currency devaluation affect currencies around the world. Gold is kind of a stay-put commodity whereas Bitcoin can be sent (off shored) anywhere in the blink of an eye. Furthermore, the supply of Bitcoin is going to be cut in half in July, forever. There's a finite number to ever be mined into being. So, inevitably more of the gold bugs will be drawn to holding Bitcoin as economic turmoil keeps rendering itself worldwide. If just 1% of the gold holders diversify, then our current $8 bill market cap goes up at least 1000%. Lastly, the financial markets around the world are clinging to life and underwater pension plans among other things will be needing lifelines. The next 12 months will be spectacular for Bitcoin holders.