The Future Growth Potential of Bitcoin: A Tenfold Increase is Reasonable Now, but a Thousandfold Expansion is Difficult

Recently, Dan Morehead, the founder of the well-known cryptocurrency investment firm Pantera Capital, shared profound insights on the future growth potential of Bitcoin in an interview with Bankless. He stated that Bitcoin's market size has developed to a certain height, making it unlikely to see a miraculous thousandfold growth similar to the early days. After all, a thousandfold increase is not only difficult to support financially, but it would also trigger global resource issues. However, he remains optimistic about Bitcoin's future performance and believes that achieving tenfold growth in the coming years is entirely reasonable.

According to Dan Morehead's analysis, if Bitcoin's market value reaches $15 trillion, it would still be relatively small compared to the current global financial assets total of $500 trillion. Such growth in scale is not sufficiently predictable; instead, it reflects the natural contribution of digital assets to global asset allocation.

He further added that this growth target is not a distant future but is within our grasp during the investment cycle we can manage — for example, in the next 5 to 10 years. He emphasized that moving from the current market position to a tenfold increase is not only reasonable but also aligns with the logic of market expansion.

Yes, although Dan Morehead avoids predicting the more distant future, his insights provide a key message: as the significance of the integration between traditional financial markets and digital assets diminishes, Bitcoin's role will become increasingly important. The expectation of tenfold growth may point current investors toward a more practical direction, rather than the exaggerated goal of a thousandfold expansion.

In this rapidly changing industry, investors need to recognize the phased development characteristics of the market. Bitcoin and various investment products have grown into mainstream global assets due to their unique scarcity and value storage functions. In the future, the impetus for its market value increase will more likely come from the influx of institutional funds and the global economy.

Today's Fear and Greed Index is 73, still in Greed level. An address holding over 13.14 million USDT was frozen this morning. There were no inflows/outflows for Grayscale GBTC, BTC, ETHE, and ETH yesterday. MicroStrategy generated a net profit of 3,177 BTC from financial operations last week. The number of Bitcoin left to mine is less than 1.2 million, with a circulating supply exceeding 19.8 million. Solana's on-chain DEX trading volume has surpassed $10 billion for two consecutive months. Since early September 2023, Solana has maintained positive net capital inflow. Citic Securities: If Trump returns to power, a new chapter in U.S. cryptocurrency regulation begins. Sun Yuchen transferred 70,182 ETH to HTX, worth $244.9 million. Yesterday, Fidelity's FBTC had a net outflow of $83.2 million, while FETH had a net inflow of $3.5 million. a16z founder: aiPool token has been released, Skely is still working to restore the X account. Aave and Lido's cumulative net deposits once exceeded $70 billion. The Montenegrin court dismissed Do Kwon's constitutional appeal, he may be extradited to the U.S. CICC research report: optimistic about the development trend of AI Agents and the investment opportunities brought by changes in the industrial chain. Options with a nominal value of about $18.447 billion for BTC and ETH will expire on Friday. The U.S. spot Bitcoin ETF has seen outflows of nearly $1.2 billion in the last three days, marking the longest outflow record since the election. The number of crypto investors in South Korea has surpassed 15 million for the first time, with the daily trading volume of the top five exchanges approaching 15 trillion Korean won, rivaling the stock market.

Epic fight in the cryptocurrency circle, a 230 billion cryptocurrency giant went bankrupt in five days! (Part 2)

From 2010 to 2011, with several rounds of rising prices in the cryptocurrency circle, FTX became the second largest trading platform after Binance. Although Zhao felt threatened, he did not seem to take Afro seriously and maintained harmony on the surface until the end of 2011, when an uninvited guest came in. This uninvited guest was Sequoia Capital. As early as 2017, a nearly three-year war of words broke out between Zhao and Sequoia Capital. Subsequently, with the upgrading of domestic supervision, Zhao went overseas, and he and Sequoia Capital had a complete feud. In 2021, Sequoia Capital announced a strategic investment in FTX, and after obtaining the support of more than 60 institutions including Sequoia Capital and Softbank, the ungrateful Afro turned around and put his grandfather Zhao out of the game. Not only that, he also invested in the United States and sponsored Biden, hoping to rely on the support of the Americans to become the boss of the cryptocurrency circle.

As the real boss of the cryptocurrency circle, how could Zhao endure this? Unexpectedly, Zhao really endured it. In late 2011, Zhao quietly withdrew with a sky-high "breakup fee", retaining only 23 million FTX platform tokens (FTT). As time went on, it was these 23 million FTTs that became the biggest killer that crushed the explosive head in one fell swoop. In July 2012, Zhao's revenge plan finally began. On November 6, Zhao personally came out and said that he would clear out the FTT tokens. You know, the FTT held by Zhao was worth 500 million US dollars. With Zhao's influence, the cryptocurrency circle was directly blown up, and a large number of retail investors fled, and a crowded accident occurred. In less than 72 hours, 6 billion US dollars were directly squeezed, and the explosive head was scared to pull out the network cable.

On November 8, the explosive head begged Zhao to take over, and FTT ushered in a brief rebound, but in less than an hour, the US regulator said that the transaction violated the antitrust law. Then, Zhao did not pretend and directly terminated the acquisition, and then FTX experienced a waterfall-like decline. On November 11, Zhao bankrupted FTX in just five days. What was outrageous was that FTX was hacked during the bankruptcy liquidation, and the $1 billion in the account was transferred away by hackers. Such a giant in the cryptocurrency circle was so vulnerable.

#故事汇 #币圈红人 #币圈新闻 #币圈名人

June 4 - Captain's Daily - What happened in the cryptocurrency circle?

1. The entire network contract exploded by $170 million within 24 hours

2. Metaverse blockchain game project SIDUS HEROES received investment from DWF Labs and reached cooperation

3. Matrixport co-founder predicts that the BTC price will consolidate around $70,000 this week

4. Arbitrum's monthly trading volume has turned north in the past year, reaching $116.6 billion

5. Alex Labs completed two Bitcoin Layer2 governance votes

6. Fetch.ai and Ocean Protocol merge token plan will start on June 11

7. The meme project Milady (LADYS) received a $5 million investment from DWF Labs

8. Australia's first spot Bitcoin ETF will start trading today
#币圈资讯 #币圈新闻 $BNB

The status of the US dollar faces challenges: cryptocurrencies, stablecoins and payment systems are emerging!

As an important international currency in the world, the US dollar has unparalleled advantages and influence. However, with the rapid development of financial technology and the changing global financial landscape, cryptocurrencies, stablecoins and other digital assets or payment systems are gradually emerging, providing a variety of possible alternatives for governments seeking geopolitical advantages.

As a new type of digital asset, cryptocurrency has the characteristics of decentralization, anonymity and cross-border payment, providing new options for governments seeking to break free from the constraints of the traditional financial system. Cryptocurrencies also face problems such as high volatility, lack of regulation and security, which limits their potential as a widely accepted value storage and exchange medium.

Stablecoins maintain their value stability by pegging to traditional assets (such as the US dollar, gold, etc.). This design gives stablecoins certain advantages in value storage and cross-border payments, especially in areas where currency fluctuations are large. The issuance and regulation of stablecoins still face many challenges, including how to ensure the authenticity and security of the pegged assets and how to avoid being used for illegal activities.

With the advancement of payment technology, digital payment systems have been widely used around the world. These systems not only reduce transaction costs, but also improve payment efficiency, providing governments and businesses with a more convenient way to transfer funds. The popularization of digital payment systems also requires solving some key issues, such as data privacy protection and network security.

Whether the US dollar will be replaced by cryptocurrencies, stablecoins or other digital assets or payment systems is not a simple question of right or wrong. Secondly, various digital assets and payment systems have their own unique advantages and limitations, and they will compete and complement each other with the traditional financial system.

#CPI数据 #美元 #支付系统
#币圈新闻

On August 14, a supermarket owner in Hangzhou was reported to have attracted customers by wearing revealing clothes, and deliverymen rushed into the store #币圈新闻

6.13-Captain's Daily-What happened in the cryptocurrency circle?

Sentiment Index: Positive Last night's CPI data was positive, and the Fed released positive news

1. US short-selling institution Citron announced that it would no longer short GME stocks

2. Fed Chairman Powell: The Fed is unlikely to raise interest rates further

3. Fed Chairman Powell: Expected good but not excellent inflation data will ensure that the inflation rate falls back to 2%

4. The number of users of TON ecological game project Catizen exceeded 17 million

5. Highstreet was maliciously attacked, and 20 million HIGH tokens were withdrawn

6. Eiqen Labs acquired the liquidity re-pledge network Rio Network

7. Grayscale: The Fed's rate cut will weaken the US dollar and support Bitcoin

8. DWF Labs seeks investment opportunities such as GameFi, SocialFi, and Meme Coin

9. Terraform Labs agrees to pay $4.47 billion to settle the SEC case
#币圈新闻 #币圈资讯 $BTC

#币圈新闻
Oh my god, you don’t trade spot at this time, do you want to wait for the currency circle to return to zero?

I tell you, there must be a stretch after panic, and the chips at this time are all bloody! Think about it, the time of shock, the news of war before halving, if you don’t buy the bottom now, when will you wait? →村委会

April 14, 2024, buy the bottom! This is your chance to turn over in the currency circle!
If you haven’t bought spot, buy it quickly! If you bought spot, use the high-level bloody chips to make up!

Today's cryptocurrency market analysis:
BTC: Yesterday, the price of BTC rebounded to around $600. In the short term, pay attention to the $610 pressure level on the hourly chart. If it fails to break through this position, it is expected to pull back to the $550 range.
ETH: Yesterday, the price of ETH fell back to $2,550, which was in line with expectations. The recent target is to focus on the breakthrough of $2,710.
Altcoin: The current altcoin market has rebounded. Most of the currencies on the list of gains are projects with smaller market capitalizations, while currencies with larger market capitalizations are in sideways consolidation. After two years of washing, SYS recently broke through the bottom range and may enter the oversold area; LOKA has a similar trend. It rose once last weekend and then pulled back, which is worth paying attention to. #币圈超话 #币圈 #币圈新闻 #加密货币

For more market analysis, follow my profile

#币圈新闻
📉The market is falling, what should newbies do?

As a newbie in the cryptocurrency circle, watching the price of digital currency falling all the way, are you a little panicked? At the beginning, I bought SOL at $180 with full confidence, or bought BTC at $68,000. Now I see that the prices have fallen a lot, and some people can only sell them at lower prices, such as $143 and $63,000. But don't rush to despair, in fact, the bear market is also an opportunity!

Do you know? When the market price is low, it is actually a good time for you to lay out. Think about it, if you can find a new currency with great potential now, and wait for its value to soar in the future, then you will make a lot of money? And this kind of opportunity is hard to come by in a bull market where everyone is rushing to buy and prices are soaring.

There is an old saying that those who can survive the bear market can make money in the bull market. That is to say, those who persist in difficult times often make more money when the market picks up.

It is really hard to watch your assets shrink. But don't rush to sell, otherwise you will only lose more. Instead, you should see this decline as an investment opportunity, an opportunity to double your wealth. The key is to reserve more funds when the price is low so that you can seize good investment opportunities.

So, don't rush to sell your coins, be patient, and wait for the market to improve. Remember, only by getting through the hard times can you reap rich rewards. 避风港

Let me tell you about BTC with a few simple lines.
The first one is the top resistance of 71580, which has been touched and rebounded many times (it cannot be reached in the short term, don’t think about it. The CZ incident on the 30th, the cottage follows the decline but not the rise).
The second resistance is 64500, which is the place where the pin rebounded many times before. It was also emphasized before that the range oscillation between 64500 and 60000 is in the range again. It is a small upper resistance in the short term, the current small goal, and the main oscillation trend.
The third one is 61000, which is the first small support position at present. The market has rebounded many times here, and it has been closed with a golden needle many times. It can be seen that there have been strong drag orders here many times before. This is a small point to prevent pins.
The fourth one is 69500, which is a low point since February this year, and it has been closed here three times. This is a strong support. Once it breaks, there may be a large correction below.
Those who are currently doing orders can focus on these four points. They are very simple and clear. The current trend is that the cottage dare not move, and the big cake follows the decline but not the rise. Everyone is waiting for an opportunity, and the market atmosphere is very tense. Shanzhai suggests that you should wait and see. The trend is unclear now, and 90% of the people in the market are losing money. Sometimes, to protect your capital, you have to operate more than 90%. #大盘走势 #币圈新闻

Grayscale's market crash is nothing more than adjusting its positions and looking for a better position for chips.
Grayscale will really withdraw after next year.
Of course, on BTC, even if it withdraws, it is only for better chips.
#币圈新闻 #币安广场 #热门话题 #比特币减半 $BTC

Six pieces of advice for friends in the cryptocurrency circle, listen carefully!
1. When the price of a coin rises steadily, every pullback is a good opportunity for you to get on board. No coin rises all the time, and the pullback is to jump higher later.
2. If the price of a coin clearly starts to fall, then every rebound is an opportunity to escape. Once the trend is bad, it may take several months to recover, so don't waste time resisting.
3. Look at market sentiment and fundamentals in the short term, and don't just focus on the small profits in the long term. The fundamentals of the market will determine the size and duration of the increase.
4. Most of the time, the bottom you guess is not reliable. The real bottom depends on market sentiment and capital flows. Don't blindly buy the bottom, which is easy to be trapped.
5. Don't rely too much on good news. Most of what you hear is what others want you to know, and when you know it, the market is almost over.
6. Don't use high leverage casually. This will not increase your winning rate. Once you lose, the loss will be infinitely magnified, and you will increase your own risks.
#比特币减半 #大盘走势 #币圈新闻 $BTC $ETH

Epic fight in the cryptocurrency circle, a 230 billion cryptocurrency giant went bankrupt in five days! (Part 1)

Today I will share with you the most ruthless Chinese tycoon, who bankrupted an international giant with a valuation of 32 billion US dollars in just five days!

On November 11, 2022, the second largest trading platform FTX set a new record, with $6 billion being run in just 72 hours and declared bankruptcy in five days. 100,000 creditors lost all their money, and the founder's net worth fell from $16 billion to $1. Hundreds of investment institutions including Softbank and Sequoia Capital have stepped on the thunder. On the surface, it seems to be a farce, but after deep digging, it is actually a fight between the two giants in the cryptocurrency circle!

One is the founder of FTX, SBF, nicknamed Exploding Head, and the other is the most ruthless tycoon in the cryptocurrency circle, ranked first on the Chinese list, and the founder of Binance, Zhao Changpeng. Afro is known as the Musk of the cryptocurrency circle. He is a top student in the Department of Physics at the Massachusetts Institute of Technology and is also known as the trader with the least faith. He became a billionaire by making money out of nothing in the cryptocurrency circle.

In May 2009, FTX, a cryptocurrency trading platform founded by Afro, was officially established, and the feud between him and Zhao also began in this year. At the beginning, Zhao's attitude towards Afro was to support the young back, which could be regarded as unsparing support. In December 2019, Zhao announced a strategic investment in Octafx, which raised the valuation of FTX to 1 billion US dollars in one fell swoop. Zhao never expected that the junior he personally supported was a notorious ungrateful person, and the first thing he did after he got up was to knock him down.

#故事汇 #币圈红人 #币圈新闻 #币圈历史

💥 Big news in the cryptocurrency circle April 12, 2024 💥• $ETH - The Ethereum core team held a meeting, and the Osaka upgrade plan has been determined! Waiting for good news~
• $GPT4 - OpenAI has a big move on the X platform! The new version of GPT-4 Turbo is coming, exclusive to ChatGPT paying users!
• $Ark Investment - Ark Investment Management Company quietly acquired OpenAI shares. As smart as you are, why don’t you follow suit?
• $FIL - The Changde police in Hunan took action and the STFIL team was arrested! FIL encountered a huge selling pressure of 40 million US dollars, and the market was volatile.
• $IOTX - IoTeX will debut at Token2049 to discuss the general trend of AI+DePIN, and strategic upgrades are imminent!
• PEPE−CoinbaseInternational made a big move! PEPE perpetual futures will be launched on April 18!
• $Bitcoin - Binance Labs has taken action! Invest in BounceBit, and Bitcoin re-staking is not a dream!
• $ACX - Across Protocol joins hands with Uniswap, DeFi's first cross-chain target standard is born!
• ALT - Altlayer launches XterioXTER launch pool, are you ready?
• $GAL - Galxe mainnet upgrade, supports cross-domain pseudonymous identity, and takes privacy protection to the next level!
• GALA - Galagames boss announced the GALA development blueprint, the future is promising!
• $JUP - Jupiter LFG second round of voting will start on April 17, your choice is crucial!
• $LINK - Chainlink releases a new application Transporter, secure cross-chain bridging, so that tokens and messages can be transmitted without worries!
• $LOOKS - LooksRare is about to break the news, and major announcements are about to be announced!
• $MTL - Upbit announced support for Metal L2 network conversion, technological innovation leads the future!
• ONDO - OndoFinance joins hands with Circle, BlackRock tokenized BUIDL fund instantly becomes USDC!
• $VIC - Viction boss revealed that big events are coming soon, wait and see!
• UOS-Ultra airdrop partner project tokens, UOS holders benefits are coming!
• $XAI-Xai V2 staking function is about to be released, are you ready?
• FTX-FTX founder Sam Bankman-Fried appealed fraud charges and was sentenced to 25 years in prison!#Cryptocurrency#币圈新闻 $BTC $ETH $

Friends defrauded more than one million yuan in the name of virtual currency investment!

Recently, a man named Zhu used the excuse of investing in virtual currency to defraud three friends of more than 1 million yuan. At the end of February this year, Mr. Sun went to the police station to report that his friend Zhu had borrowed money from him many times in the name of investing in virtual currency since 2023, and promised to give him very high interest. After Mr. Sun invested more than 400,000 yuan, Zhu only occasionally gave him some interest, but never returned the principal. Every time Mr. Sun asked, Zhu always found various reasons to shirk, such as the account was frozen, the money was used for investment, etc. Mr. Sun felt cheated, so he called the police. After investigation, the police caught the suspect Zhu in another place. Now Zhu has been detained by the police for suspected fraud, and the case is still under further investigation.

Please be vigilant, keep a clear mind for any investment project, and analyze the risks rationally. Don't trust the temptation of high returns, and don't be fooled by the recommendations of acquaintances or friends.

Jointly maintain social harmony and stability.
#币圈新闻 #防骗指南

The STFIL team was arrested by the police!

DeFi project was arrested?
Recently, the core members of the STFIL Protocol team on Filecoin were arrested, and millions of dollars of FIL on the platform were transferred. STFIL Protocol is a Filecoin liquidity pledge protocol on FVM, providing users with stable returns and leveraged mining collateral.

Filecoin has repeatedly become the focus of police attention, involving pyramid schemes, money laundering, illegal fundraising and other crimes. Miners and mining executives have been arrested before.

#币圈新闻

6.3-Captain's Daily-What happened in the cryptocurrency circle?

1. Velocore is willing to provide a 10% white hat bounty for hackers to return funds

2. Magic Leap and Google establish a strategic technical partnership to jointly develop extended reality technology

3. The US Bitcoin spot ETF increased its holdings of approximately US$2.004 billion in BTC in May

4. Self Cxun announced the token economic model, and the total supply of SLF tokens is 360 million

5. The popular game project not on the ton public chain rose nearly 5 times in a week, and the trading volume increased significantly

6. The TVL on the TON chain increased by 70% in the past month to more than 50 million TON, setting a record high

7. In May, BTC miners' income decreased by 46% month-on-month, and ETH pledgers' income increased by 4.1%

8. The total market value of stablecoins is now US$160.5 billion, and USDT's market share has reached 69.59%
#币圈新闻 #币圈资讯 $BTC $BNB