⭐ The End Game (?) ⭐
In order to understand this market better, I believe it is important to understand BTC.
Currently, Bitcoin stands at approximatively $1.37 Trillion capitalization. The total #crypto market capitalization is $2.73 Trillions. If we look at the total global capitalization, including M2 money, an estimation could be around 💥$400 Trillions💥!
Now, $BTC has seen more and more adoption across the years since its creation. This year marks an important point in the history of Bitcoin with the approval of the Bitcoin ETFs and more institutional access to Cryptocurrencies.
But, if we look on a large scale, this is not the only noteworthy event. Corroborate the following information to get a conclusion:
1. Countries are hoarding Bitcoin themselves or mining it.
2. Huge companies have disclosed through their tax fillings that they indeed hold Bitcoin.
3. VISA allows payments with Crypto.
4. Companies like Nike, Sony and Airbnb accept payments through Cryptocurrencies such as $SHIB .
5. Tesla accepts payments with $DOGE for certain products. At least for now, it might be allowed for all products in time.
6. Legislation surrounding Cryptocurrencies starts to ramp up. This is a signal that this new asset type is preparing to be fully adopted by our society.
7. A lot of people still don't know about Bitcoin. What the value proposition is or what it aims to do. Most people still believe it's a Ponzi scheme, a scam. That it will go to 0. That it's too volatile, that it can be hacked... and so on. Usually this means that we are still early in the adoption of blockchains and of Bitcoin.
8. A lot of price predictions range from 250k to 1 million dollars per coin in the future.
9. US dollar inflation.
Taking all of this into account, it's not just a coincidence or wishful thinking that Bitcoin, slowly but steadily, is preparing to become the most valuable asset in the world. Currently, it is just slightly behind Silver.
It's very likely that we'll witness Bitcoin overtaking Gold as the most valuable asset in our lifetime, replacing fiat currencies.