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-Is $1 million Bitcoin really that crazy?

 

July 27 2023
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Here’s an important message from one of our colleagues:
Is $1 million Bitcoin really that crazy?

Dear Subscriber,

Take a look at this chart…

This curve shows how innovations get adopted.

Essentially, once roughly 15% of the population embraces a new technology, it quickly gains much wider acceptance until it’s just about everywhere.

And whether you’re talking about cars, microwaves or the internet … this pattern has been remarkably consistent over the last 120 years.

Which is why I think every single investor needs to revisit this chart and think about how it applies to the world of cryptocurrencies.

After all, Bitcoin and other cryptos are just on the cusp of that 10% to 15% adoption window.

Which is why for every Warren Buffett saying Bitcoin will go to zero, there’s a Cathie Wood saying it can go to a million.

So, who’s right?

We recommend you watch this short video and decide for yourself.

Best wishes,

Nilus Mattive
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