“#Bitcoin was 64,000 Naira in 2015
Earlier in 2024, it was 100,000,000+ Naira per Bitcoin
Bitcoin was 64,000 USD in 2021
I think it could reach 100,000,000 USD by 2030
Let me explain:
Today, 99% of people think Bitcoin is a joke, a scam, a ponzi scheme, etc
This includes most of the 60 million millionaires and 3,000+ billionaires of the world
Most people will ignore this because they think the Naira is some random shitcoin that nobody wants, so the price change is irrelevant
But the Naira and USD are more similar than most people think
The US Dollar is a fiat currency that can be created out of thin air
ALL fiat currencies rely on TRUST
The US Dollar, like all other fiat currencies, is based on trust
And the US government won't be able to build up this trust again
The US Dollar's purchasing power relies on supply and demand
Demand comes from trust that the US Dollar will be worth something tomorrow
The trust is fading
Your savings are losing 7-10% of their value every year (inflation is reported at 2-3%, but prices should be dropping due to technological advancements)
Fewer people are demanding dollars as a savings tool because Bitcoin exists
When the wealthy figure out what Bitcoin is, they're going to dump their legacy assets and buy Bitcoin
For all we know, they're already doing this
How much value can they convert from legacy assets to Bitcoin?
How quickly will this happen?
Why would they want to hold stocks and real estate when they know bitcoin is a better savings tool?
That's the main question
@saylor and @MichaelDell figured it out and now they're telling the world what they know
They got as much as they can, and now they're telling everyone else to buy some
How many more billionaires will tell the world to buy some AFTER they buy as much as they can?
This is basically what "slowly, then suddenly" means
Most people think Bitcoin won't even reach $100K
When it does, will they continue to question the best asset in the world, the only one that doesn't require intermediaries to work as money?
Keep in mind this is a finite asset that nobody can create more of
94% of the total 21,000,000 supply is held by only 1%-5% of the world
The 95%-99% who haven't figured it out yet will have to convince the holders to convert their Bitcoin to USD
WHAT IF THE HOLDERS DON'T WANT TO SELL?
How high can the price go?
Over time, more and more people are figuring out that they don't want to hold US dollars
Saving in US Dollars is a death sentence for your wealth over the long term
Today, most people buy houses and stocks to protect their wealth from USD debasement
Then they switch from stocks and real estate to USD when they want to spend their savings
YOU DON'T NEED TO CONVERT BITCOIN TO DOLLARS!
You can send Bitcoin to anyone and receive Bitcoin from anyone in the world within minutes
The US government seems to be coming after holders of legacy assets with the potential of an unrealized capital gains tax
Holders of legacy assets have no choice but to comply, because they can't use stocks and real estate as a medium of exchange
You must convert legacy assets into USD at some point
The billionaires of the world didn't become billionaires by giving handouts to the government
And they're not going to like paying more taxes than they need to
This is where Bitcoin comes in:
Nobody can take your Bitcoin unless you give it to them willingly
Governments can't stop you from using your Bitcoin unless you give them your private keys
The floodgates will open at $1M+ IMO
When the price reaches $1M, I think $2M will be right around the corner
But why would you want 2 million of something that someone else can just print more of?
Governments will print money to buy Bitcoin, and most people will continue working for pieces of worthless paper
The millionaires and billionaires are coming, and most people are still sleeping on this”
rajatsonifnance (npub13wl…np8z) via X
