Are you ready for bitcoin to finally leave the dock on the way to the moon? Because we have barely started our engines.
https://ift.tt/32AUVJ3
I see way too much bearishness in here and long term loss of hope for another bubble cycle where we 10x-20x in a year. The macro backdrop has never been as good as it is right now, period.
Bitcoin has a hard cap of 21 million coins, when lost coins are factored in the hard cap is at most 18 million and dropping daily.
The illiquid supply of bitcoin is 14.4 million of the existing 18.9 currently circulating coins and grew by 400k since may. ([here](https://ift.tt/344CFrB)
The silent generation controls ~20% of the USA’s wealth, the boomers ~55% and generation X ~20% leaving milenials 5-10%. Adds up to 105% because I’m extrapolating lines from 2019 ([here](https://ift.tt/346yKKU)
Of the millionaires polled, those controlling 90% of the money in the USA have virtually no exposure to bitcoin with gen x having 25%, boomers 4% and the silent generation wasn’t even in the poll but likely even less than boomers. Millennials clocked in with 83% participation and a full 30% had 75% or more of their money in crypto ([here](https://ift.tt/3JyIjm9)
Every year two things will occur. Some of the reluctant genx-boomers will begrudgingly dip their toes in, and some of them will die leaving money to millennials who are just itching to go balls deep. So 90% of the capital out there is going to be fighting over an increasingly illiquid bitcoin supply.
I’m [this](https://ift.tt/3mOTFbO) post I calculated a minimum 12x but more reasonably 20x multiple for incoming capital to multiply into increased market cap for bitcoin.
90% of the money has no position and will be fighting over an increasingly illiquid supply.
Just sit back for the next decade and do nothing. We will see multiple million dollars per coin within 10 years. And it is hard to grow 50-100x in 8 years without having a gang buster 10-20x in there somewhere.
Don’t worry about any other coins surpassing bitcoin unless someone makes a run at actually being decentralized and secure. Unless those are your #1 and #2 there is no point in making your project a crypto because it would be better as a centrally held database. So hold on to the millennial coin bitcoin and wait for the boomers to beg you for a slice.
Cryptocurrency
