"Do you think it's nonsense for Bitcoin to be worth $1 million each? Actually, it's just that your imagination is not enough."
Why am I firmly convinced that future Fortune 500 companies will issue coins on the blockchain instead of going public on NASDAQ? Here are a few reasons:
First, efficiency drives inevitable change. The transparency, openness, and ease of regulation of blockchain, just like how NASDAQ defeated all traditional stock giants with online trading decades ago, efficiency is the future.
Second, today's young people are more inclined to use coins. The Gen Zs and their friends I see on Twitter today, some of them might start great companies, and they might issue coins instead of stocks.
"Each generation has its talents, each leading the trend for hundreds of years," the future rules are made by today's young people—the so-called tradition is just waiting to be swept into the dustbin of history.
Third, the latest policies in the US are helping. From recent information, it seems that the crypto world and the stock market have started to connect. On platforms like Futu, you can directly deposit BTC, USDT, etc., and convert them into USD; and Robinhood, the US exchange with the most retail investors, held a "tokenization of everything" conference, making it easier for stock investors to trade crypto—they find it hard to leave once they come, and entering the crypto world is just the first of many times.
As the industry faith, BTC's current mining cost is about $50,000, and MicroStrategy's continuous buying price should be around $70,000. From MicroStrategy's current financing and past purchases, it alone has offset Bitcoin's mining output. And consider that SoftBank has also established an institution learning from MicroStrategy, and many other companies are buying, like Mara. Today, I even saw that crypto project parties like UXLink are also buying.
Actually, I think all exchanges also hold Bitcoin positions, just waiting to see who will first openly buy more. The more BTC strategic reserves they hold, the more confidence retail investors have in the exchange—of course, I don't know if exchanges will have concerns about this "showing off wealth," but that's not important.
What is important is that with so many people buying Bitcoin, everyone must hold on. The time when most people can buy the most Bitcoin in their lifetime might just be in these one or two years.
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