Bitcoin is easily the one asset I’m more bullish on than any other in the world.
In fact, I’ve never been more bullish on an investment in my entire life.
Instead of using the NASDAQ as my benchmark index, I now use Bitcoin.
At the time of this writing, Bitcoin is up exactly 100% since the start of 2021 – from $29,100 to $58,200.
Over the last 10 years, it has returned 210% annually, on average.
And in my humble opinion, there’s absolutely no stopping this thing.
We exist in this beautiful moment in time where it's too big to stop, yet too small to matter on a global scale (for now).
It’s not even up for debate anymore…
Bitcoin has already been introduced to the minds of billions of people via the Internet, so the network effect is only going to increase at this point.
If you think a couple countries banning it will stop the network effect, then you are gravely mistaken. The data shows that every country that bans it, sees a spike in Bitcoin adoption.
It’s estimated that 110 million people (including 50 million Americans) already own Bitcoin.
With that, Bitcoin has become the quickest asset to reach a $1 trillion market capitalization.
To put that in perspective, all the gold in the world is worth about $10 trillion.
There’s absolutely zero doubt in my mind that Bitcoin is at least a 2x improvement on gold.
Like gold, Bitcoin is scarce and finite in supply. But unlike gold, the supply of new Bitcoin to the market can’t be increased when the price goes up.
Bitcoin is better than gold because it’s divisible into smaller units called “satoshis,” which can easily stored and transported anywhere in the world nearly instantly.
Eventually, more people will figure these truths (and many more) out. One billion people will use Bitcoin, then two billion, and so on…
As that happens, the price will continually increase. And we haven’t even talked about more companies and governments stashing Bitcoin on their balance sheets… Sheesh!
Like I said before, I couldn’t possibly be more bullish.
In the next five years, I predict Bitcoin will 2x gold and reach a $20 trillion market cap.
That means the value of one Bitcoin will be worth $1 million.
In 10 years, we’ll see Bitcoin 5x from there – hitting a $100T market cap and a price of $5M per Bitcoin.
And in 15 years, we’re looking at a $200T market cap with a price of $10M per Bitcoin.
There’s only $500T in the world today. $1.08 trillion of that is Bitcoin. And $760 billion are the other 9,014 cryptocurrencies combined.
We’re still in the first inning of a nine-inning ball game. If you’re reading this today (March 30, 2021), you’re still early.