Keynesianism hates freedom and savings. It is for this reason that you will not see or hear anything good from Keynesian economists when talking about bitcoin.
The boundary for the fifth phase is estimated at between 1.6 trillion and 29.1 trillion USD. Assuming the end of the phase market evaulation, this translates to an individual bitcoin price of between $83k and $1.48m (with a centre point of around 350k).
Does this mean the projected 2020–2024 Bitcoin value of $288,000 will be correct? Well, you get to find out just as quickly as I do.
The third bitcoin halving, which is scheduled to take place in May 2020 has seen some lofty predictions on bitcoin prices. Billionaire bitcoin bull Tim Draper believes that the price of one bitcoin could rise to $250,000; Buffett’s Books founder Preston Pysh thinks that bitcoin could skyrocket to $300,000 after the halving; former Goldman Sachs GS hedge fund manager Raoul Pal predicts that the price of bitcoin to hit $1,000,000 within 3 years.
Bitcoin, as a construct outside existing financial systems, poses a potential solution to the fundamental problems with fiat money that have been created over the last 50 years.
If the use of Bitcoin as a means of payment becomes widespread worldwide, then we will be able to hope for a hyperbitcoinization of the world that would be the final phase in its mass adoption.
In this article I solidify the basis of the current S2F model by removing time and adding other assets (silver and gold) to the model. I call this new model the BTC S2F cross asset (S2FX) model.
Bitcoin is therefore the perfect antidote against the Cantillon Effect to which the decisions made by central banks and governments expose you.
Smart investors will use this new money to purchase hard assets, which serve as ‘hedges’ against the devaluing of currency – also known as inflation. When inflation causes fiat currencies to lose value, these hedges go up in value. Bitcoin is the biggest asset that features Quantitative Hardening events increasing its hardness over time.