The price of Bitcoin is gradually approaching the significant threshold of $100,000. Mark Moss, the 'spokesman of the crypto world,' believes that this is not just a price increase, but a 'revolution' of digital assets.
Moss hosts a well-known Bitcoin podcast (The Mark Moss Show), and is seen as an advocate for global digital privacy rights and for encouraging mainstream consumers to adopt cryptocurrency. In an interview, Moss pointed out that the rising debt levels of the U.S. government are driving overall asset prices up, while Bitcoin has become one of the few assets that can consistently outperform the rate of currency inflation.
Most people expect a collapse to happen... but in reality, there is a kind of 'reverse collapse' — prices are rising too quickly that I can't maintain my original quality of life. The result is the same as a collapse: 'I can't afford the same quality of life.' But this collapse is not downward, but upward, and that is exactly what we are seeing.
Moss further points out that what investors need to overcome in the current environment is not inflation, but the actual rate of currency depreciation, which is around 10%. He also mentioned,
If we adjust the S&P 500 index according to the M2 money supply, it hasn't reached a new high since 2000.
'Sovereign FOMO' and Million-Dollar Bitcoin
Moss is a seasoned Bitcoin investor and macroeconomic expert. He believes that Trump positioning himself as the 'Bitcoin president' could drive the U.S. to adopt a strategic Bitcoin reserve, triggering a 'game' that leads to 'sovereign-level FOMO' (fear of missing out) from other countries.
He mentioned that Senator Cynthia Lummis from Wyoming has proposed a bill to establish a strategic Bitcoin reserve and plans to add 200,000 Bitcoins annually until the balance reaches 1 million. Under Trump's leadership, this plan is 'very likely' to become a reality.
'If the U.S. does this, G7 and G20 countries will all be affected... Other countries have already started paying attention to this matter and began purchasing Bitcoin, which has provided significant upward momentum for Bitcoin's price.'
Regarding the long-term price of Bitcoin, Moss predicts that by 2030, the price of Bitcoin could reach $1 million. He stated that this prediction is based on mathematical analysis of the historical sensitivity of money supply expansion and Bitcoin's response to currency expansion.
He said that asset prices will rise with the expansion of the money supply, and the U.S. Congressional Budget Office (CBO) has already informed us how much the money supply will expand by 2030. According to the CBO's forecast, the federal budget deficit for the U.S. in 2020 was $1.0 trillion, averaging $1.3 trillion from 2021 to 2030.
In addition, he also pointed out that small countries have quietly begun accumulating Bitcoin. 'It must be so,' Moss said, 'I've heard that many small countries are already doing this.'
What role will gold play in this?
Against a backdrop of high debt levels and rising interest rate costs, Moss believes that the U.S. may be forced to take 'radical measures' to maintain the dollar's strong position. He proposed two possibilities: 1) Reassessing the price of gold to a certain market value level, perhaps $10,000 or even $20,000 per ounce; 2) Shifting to a 'Bitcoin standard.'
Although Moss is optimistic about gold, he believes that the rise of Bitcoin represents a true 'revolution,' as 'Bitcoin provides billions of people a way to own property.' In addition to Bitcoin and gold, Moss also emphasizes investing in 'scarce assets,' such as top-tier real estate.
Overall, Moss believes that Bitcoin is not only a disruptor of asset classes but also a tool to combat currency devaluation and reshape the global financial system. Whether it's the prediction of 'million-dollar Bitcoin' or the trade-off between gold and the dollar, this revolution surrounding Bitcoin seems to have just begun.
Article reprinted from: Jin Shi Data
