Bitcoin is now the world's 10th largest asset.
Gold = $13.8T Microsoft = $3T Apple = $2.9T Saudi Aramco = $2T Alphabet (Google) = $1.8T NVIDIA = $1.7T Silver = $1.2T Meta (Facebook) = $1.2T Bitcoin = $0.8T
1 year0.0%
2-5 years23.5%
5-10 years 35.3%
10 plus years 41.2%
17 votes \ poll ended
I think it will jump up past most of these at the 2024 height of our cycle, and then by 2028 it will top the list conclusively, leaving gold in the dust.
But this list is very incomplete. Real estate, diamonds, and many other stores of value, even currency itself, are all in Bitcoin's crosshairs as well.
I think by 2028 we'll start taking a small chunk out of real estate's investment market, and eating the rest of the investment value in RE will take decades more afterwards.
As for currencies, 2024 will likely see bitcoin dwarf every currency in M1 besides the USD, but sometime between 2024 and 2028 (I'd bet in early 2028) things will change as governments start to back their currencies with bitcoin. If they fail to do this bitcoin will destroy them all by 2030... Literally become the only currency left standing.
But they'll panic before then as bitcoin is making huge strides and start backing their local monopoly money with BTC in reserves most likely, which means their fiat will no longer be fiat as long as they don't lie about the backing. Some kind of proof of reserves will be very important to determine this.
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The first casualty: Shitcoins. What we should start seeing is the acceleration of second rate coins getting dumped for Bitcoin. As people begin to figure out that there is only 1 king of crypto, Bitcoin value will increase as the others deflate to shadows of their former selves. The world only needs one blockchain. Sidechains and second/third layers will handle all of the features that may have once looked interesting with other crypto projects: Fast and scalable payments, strong privacy, smart contracts, etc. These will all, or already have, become features of Bitcoin. World Base Money™
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I think Bitcoin still isn't in the top 10 considering real estate is the number one there...
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