Thread by @TheCryptoLark

While the #bitcoin #crypto markets are going through this "meh" phase, I remain as bullish as ever on this asset class!

Here are some reasons why the entire crypto market will rise to be worth tens of trillions this decade!

1 - We're seeing an unprecedented phase of adoption by finanical institutions. Major banks are now letting customers buy and sell Bitcoin. NYDIG has built relationships to allow almost any US bank to offer Bitcoin. Paypal now providing services for over 300 million customers.

Meanwhile in the US alone around 16 trillion is sitting in low yield bank accounts. You know that some of that money is going to find its way to crypto especially since it has never been easier to buy! cnbc.com/2020/06/21/ban…

2 - Millenials will inherit 68 trillion worth of wealth over the next 2 decades. 49% of millenials own #crypto! Basically millenials will bring a mega flood of money into the market. finance.yahoo.com/news/millennia…

3 - Globally crypto is capturing the hearts and dollars of investors. This recent report from India highlights that investors are starting to opt for Bitcoin over gold! aljazeera.com/economy/2021/6…

4 - Country level adoption is happening at various levels which is mega mega bullish!

4.1 El Salvador is making Bitcoin into legal tender, which is insanely big news! reuters.com/technology/bit…

4.2 Sovereign wealth funds (investment arms of countries) have started to buy and accumulate Bitcoin. fxstreet.com/cryptocurrenci…

4.3 Iran's Central Bank buys Bitcoin directly from local miners now. news.bitcoin.com/iran-crypto-la…

5 Institutional interest remains super high for crypto assets. Globally publicly traded company are sitting on 10 trillion, hedge funds have around 4.2 trillion AUM, private equity funds 4.5 trillion, family offices control trillions.

5.1 Big stories like Tesla and Square buying Bitcoin are important, but most of this money is being invested much more discretely. And the recent 2.2 billion raise by A16Z proves that the demand is still red hot from these institutional groups.

6 Bitcoin ETFs are happening. Canada has multiple popular BTC ETF products. Brazil just released their ETF. Currently there are 13 applications in the USA. When not if! If gold can teach us any lessons then it will likely unleash a mega rally for Bitcoin.

https://twitter.com/TheCryptoLark/status/1375206342609145856

7 The craziest thing about this post is that it is just the tip of the iceberg! Cardano smart contracts, ETH 2.0, Polka Dot parachains, NFTs, Defi, etc etc etc.... we are witnessing the evolution of finance! Yet we are still early on the adoption curve.

https://twitter.com/RaoulGMI/status/1392939136689053699