🧈💻If you think it's too late to invest in BTC, you're wrong. The adoption rate of BTC is still very low and there is still huge potential for growth. Obviously it won't happen now or in 7 months, but it will take many years. It will be a progressive growth like it happened for the internet, social media, banking systems.
Nowadays there are 18 states that officially hold BTC. Some because they mine, others for "direct purchases", others for seizures, donations or even thefts. This situation will inevitably spread to other states that will be led by the USA and China. No one will want to be left out.
US Institutionals hold only 0.006%, increasing this exposure to 0.2% (global wealth) would result in a 36x increase (in reality, due to the "Supply Shock" effect, the increase would be much greater. In any case, we are talking about an investment of at least 249 billion dollars). Assuming a 50% market share in the "store of value" sector, the target would be around 225T dollars (global wealth is 900T). 3 replies
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Finally, in recent years, it can be noted how there is a linear correlation (with a slight lag) between Hashrate and Price. Since 2022, Hashrate has increased by 170% per year. IF this correlation is maintained, it should settle by mid-2025 at around 980/1000 TH/s, with the price of BTC around 130k.
I close by saying that I am not a BTC maximalist, otherwise I would not be in DeFi, I would not farm income+airdrop. However, my goal is precisely to farm to accumulate more BTC. I would like to see how ETH comes out of this cycle (if it will make new highs).
Many times people confuse the functionality of a protocol with the price of its asset. Ethereum, speaking of DeFi, will always remain the best and most secure chain but it does not mean that ETH is a good long-term investment. We will be able to say this by seeing how it comes out of this cycle. 0 reply
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