Read my previous posts for more info. Crypto market caps are not the same as stock market. MetCalfes law: Value of Network = Number of users (Squared) $100 billion valuation in Crypto does not mean the same as $100 billion valuation in stock market. Crypto market cap is an illusion. If you add 10x the users in Crypto, you get 100x price increase. It goes parabolic on a linear chart.
one of the most shocking things i learned in crypto was that the Stock Market, Housing Market, every single market in the world is a 'glorified ponzi scheme' if everybody comes to sell at once, it goes to zero. if Jeff Bezos sells Amazon at once, it dumps to zero. same as Elon Musk with Tesla. every single asset, if everyone rushes out.. collapses. the game is all about figuring out who can convince and "meme" people to buying it long term all that matters is the ratio of new users vs. existing users ..
nobody said you had to go all in. if you allocate 5% of your portfolio and you lose it, you've lost -5% but if Bitcoin is $1.0M by 2030, your 5% turns into 100% gain on your portfolio are you new to investing ?
do you know what the Ethereum ICO price was? it was 31.5c ethereum today is up 11,428x in just 5.5yrs .. but now Im saying it can go another 11x and you've lost your mind
When Bitcoin hits $500k it gets the same market cap as Gold Gold = Analog store of value (good to hold across time, but cant send through space across continents) Bitcoin = Digital store of value (good to hold across both time & space. can send to anyone, anywhere, in 10minutes. near zero cost compared to Gold shipments) it doesnt mean there is hyperinflation anywhere, it just means the world prefers allocating some fiat currency to Bitcoin for long-term store of value at Bitcoin "hyperinflation" levels we will probably be in the realms of $5M to $10M+
It is Game Theory playing out sure, a few governments will not want the money to go there, but the smart 2nd world and 3rd world countries will buy into Bitcoin themselves and put it on their treasury (they probably already are, secretly, not to alert anyone) at this point, its like the internet. all governments HATED the internet at the start, they dont want their dirty secrets to be aired to the world. but if you reject the internet you are North Korea and left behind in the dark ages those who embrace it first, are going to win. those who are too late to the party will have a deep price to pay
Max Keiser has this theory as you suggested; where China & Russia are accumulating Gold + Bitcoin , because they plan to destabilise the U.S. Dollar Im not sure if they will do it , they both love power & control themselves it is an interesting game playing out. one thing is for sure , Bitcoin keeps pumping and if you have no exposure Long, then you are missing out and join Bond holders in becoming the biggest losers of the decade
3 years ago, Bitcoin was called a massive Scam . people said it would never go above $20k again. i came very late to the game, Q4 of 2018. JP Morgan called it a scam, governments called it a scam, everyone declared it dead. and now 950 days onwards; a Country has adopted it as legal tender, Elon Musk put $1 billion into it, and its growing exponentially in users even today