I originally thought BTC might top out below $50k.
But now that I understand that BTC will
be exclusively only the settlement layer for the mass scaling which will take place in altcoins, I now think his analysis may be correct.
All the power broker settlement will likely to be on the Bitcoin blockchain which will be the bulk of the
fungible capital generated by the masses on the altcoins as dictated by the power-law (Zipf's law) distribution of wealth. Thus Bitcoin is the reserve currency of all the altcoins.
This is why one must stay invested in this sector. Note I do think the altcoins that scale up the masses will see faster appreciation than BTC in spurts, so that is one of way of increasing one's BTC if you are expert at speculation. Otherwise buy and hodl BTC.
Do you really believe in the $500,000 in 10 year prediction? If BTC is 6 figures by 2030, even $100,000 would do it for me. I think I could have enough to sell 50% and keep hodling 50% and dedicate myself to a stress free lifestyle without working, no luxuries tho.
I just can't believe it tbh. The growth would be unprecedented. I cant think of any other asset that would have growth at such rate ever.
A lot of things can happen in 10 years, but one thing is clear, the more time BTC stays alive, the more it solidifies. It's the only blockchain with 7+ uptime, no other can claim that unless they invent a time machine too. Uninterrupted uptime is a strong asset in itself.