Bitcoin occupies the front of the stage again. Hunter Horsley, CEO of Bitwise, pushes the audacity to its climax. He imagines a market capitalization of Bitcoin capable of competing not only digital gold, but also the dollar and the American treasury vouchers. From then on, it evokes a potential of $ 50,000 billion. So, can we really consider such a metamorphosis?
In short
- Hunter Horsley, CEO of Bitwise, projects a Bitcoin at $ 50,000 billion, competing with the dollar and treasury bills.
- Bitcoin evolves in macroeconomic active ingredients, synchronized with global liquidity flows.
- Its institutional adoption accelerates, starting a major monetary revolution.
A projection defying understanding
Excluding does not speak in round figures. It relies on a global tilting. If Bitcoin replaces the USD as a reserve reference, its capitalization could reach $ 50,000 billion. Consequently, the simple comparison of gold, which limits its potential to around 23,000 billion, seems reducing.
In addition, this forecast is based on a strategic vision. Bitwise, under the guidance of Horsley, manages the Etf Bitb. This fund has more than 39,000 BTC. Currently, this represents nearly $ 3.7 billion in assets. This figure shows tangible confidence and not a simple communication stroke.
Finally, the comparison extends to traditional markets. US treasury bills and the dollar are a financial universe of nearly $ 50,000 billion. Out of the way suggests that Bitcoin could be inserted there. In other words, cryptocurrency would become a major player in the world economy.
Bitcoin from the macroeconomic angle
Then, we must exceed the usual prism of halvings. Haussiers cycles are no longer enough to explain the movements of Bitcoin. Now, cryptocurrency works as a macroeconomic asset. It reacts to global liquidity flows.
In fact, its course synchronizes with variations in the M2 money supply. When central banks inject capital, Bitcoin tends to follow the same trajectory. Thus, it ceases to be a simple speculative object. It becomes a global financial liquidity barometer.
Consequently, the gradual absorption of bitcoin by institutions is confirmed. Fund managers are interested in its correlations with traditional markets. Therefore, cryptocurrency gains legitimacy. It settles down as a bridge between two financial universes.
In short, Hunter Horsley's vision invites you to rethink Bitcoin. Far from being confined to the role of “digital gold”, it could establish itself as a credible alternative to large monetary instruments. Therefore, the 50,000 billion course no longer seems out of reach. On the contrary, he embodies an already committed monetary revolution, so much so that even Adam Back, who only plans to a million, seems pessimistic.
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