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24 November 2020

The Complete Case for $100K Bitcoin - CoinDesk

The Complete Case for $100K Bitcoin - CoinDesk


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Before taking any action on bitcoin, I suggest asking yourself, “What is bitcoin for?” Use this as a baseline to form your own view of the value of bitcoin and its fair price range in a given time horizon.

On top of that, 12 years after the 2008 financial crisis and the publication of the Bitcoin white paper, we are reminded how easily our economy could be flooded with new money printed out of thin air; $3 trillion in new money was created in just three months in the United States, about 14% of U.S.

However, there is also theargument that such concentration risk is inevitable but to some extent harmless, too, given how the network incentive has been designed for bitcoin.

Given that an individual (or an entity) can own more than one bitcoin address, it’s hard to paint an accurate picture of bitcoin ownership.

I believe that we can build a healthier and more sustainable future if more individuals come to understand what bitcoin is about and start to embrace it

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