I have a new theory, which is very far-fetched, like most of my ideas that often come true.
This one is about a Crazy Crunch Theory.
I have been talking about the Bitcoin supply crunch for a long time. The short version of this story is that scarcity is real and we are seeing signs of supply crunch happening. I track the OTC desks, on-exchange balances, et cetera.
I could not stop thinking about this theory last night as I tried to sleep: Could MicroStrategy become the only gateway to Bitcoin?
Today, I will try to explain the story and prove that it is theoretically possible.
I always preach this as it is very important to be first.
That is a big part of the story today.
The global impact and adoption are happening now at an extreme rate, way wilder than my wildest dreams. I did not expect this to happen until 2026 to 2028.
I wonder what would happen if Bitcoin were stackable? What would happen if the last Bitcoin becomes available? What will people do next?
The SEC has been completely revamped with new people.
They are launching a new crypto task force to develop very clear regulations for the industry, which will greatly impact custody for banks and payments. It is going to be massive for the space.
The clarity we did not have over the past four years is now coming very quickly, which would be great for Bitcoin.
Bitwise believes the fair value for Bitcoin could exceed $200,000 if it is used as portfolio insurance against sovereign default risks.
Bitwise is the
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