The more i think about Balajis claim Bitcoin can go to 1 million USD within 90 days... i did first think, holy crap he is crazy... sure some screws lose.... but the more i think also about the current economic situation... i found 7 reasons that might be possible to do it.
1.
Russia is removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system and announces that Bitcoin will be the only accepted form of payment for goods. This would significantly weaken the use of the US dollar and SWIFT system, leading to an increase in Bitcoin adoption.
2.
The United States defaults on its debt, causing bondholders to seek out a safe haven for their investments. Since gold may not be a feasible option for such a large amount of investment, digital assets like Bitcoin become a more attractive alternative.
3.
The United States and NATO enter into a direct war with Russia or China, leading to a potential global conflict (World War III). In such a scenario, the demand for Bitcoin could increase as a hedge against uncertainty and potential economic instability.
4.
Deflation of derivative products occurs, leading to the failure of all major banks. This would trigger a flight to safety into Bitcoin and gold, with Bitcoin being the quicker and more accessible option as a digital asset.
5.
The USDT stablecoin goes bankrupt, resulting in a sudden influx of $80 billion into Bitcoin. The order book for Bitcoin may not be able to handle such a sudden surge, leading to potential price volatility and further adoption of Bitcoin.
6.
The Bank of Japan goes bankrupt, leading to economic instability and uncertainty in the region. Bitcoin could serve as a safe haven for Japanese citizens looking to preserve their wealth and avoid potential currency devaluation.
7.
Multiple banks fail, leading companies to seek alternative ways to secure capital outside of the traditional banking system. For example, a company may allocate 30% of its treasury to Bitcoin. If more banks fail, this trend could continue and lead to further Bitcoin adoption.
snapo /
npub1tv…nx3zg
2023-03-21 20:23:01
Author Public Key
npub1tvuqquww07r75lju3el6g2u0gvlls078k0uegr6st6hmelw7fztsxnx3zgPublished at
2023-03-21 20:23:01Event JSON
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"kind": 1,
"tags": [],
"content": "The more i think about Balajis claim Bitcoin can go to 1 million USD within 90 days... i did first think, holy crap he is crazy... sure some screws lose.... but the more i think also about the current economic situation... i found 7 reasons that might be possible to do it.\n\n\n1.\nRussia is removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system and announces that Bitcoin will be the only accepted form of payment for goods. This would significantly weaken the use of the US dollar and SWIFT system, leading to an increase in Bitcoin adoption.\n\n2.\nThe United States defaults on its debt, causing bondholders to seek out a safe haven for their investments. Since gold may not be a feasible option for such a large amount of investment, digital assets like Bitcoin become a more attractive alternative.\n\n3.\nThe United States and NATO enter into a direct war with Russia or China, leading to a potential global conflict (World War III). In such a scenario, the demand for Bitcoin could increase as a hedge against uncertainty and potential economic instability.\n\n4.\nDeflation of derivative products occurs, leading to the failure of all major banks. This would trigger a flight to safety into Bitcoin and gold, with Bitcoin being the quicker and more accessible option as a digital asset.\n\n5.\nThe USDT stablecoin goes bankrupt, resulting in a sudden influx of $80 billion into Bitcoin. The order book for Bitcoin may not be able to handle such a sudden surge, leading to potential price volatility and further adoption of Bitcoin.\n\n6.\nThe Bank of Japan goes bankrupt, leading to economic instability and uncertainty in the region. Bitcoin could serve as a safe haven for Japanese citizens looking to preserve their wealth and avoid potential currency devaluation.\n\n7.\nMultiple banks fail, leading companies to seek alternative ways to secure capital outside of the traditional banking system. For example, a company may allocate 30% of its treasury to Bitcoin. If more banks fail, this trend could continue and lead to further Bitcoin adoption.",
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}