🧵 If I was going to do a presentation on Bitcoin to a Corp, Institution, Org etc, either internal or external, I would lead with this chart. Thanks @WClementeIII for the help
This chart is something that every exec, product mgr, allocator etc. regardless of industry will "see"
This chart is something that every exec, product mgr, allocator etc. regardless of industry will "see"
Me: I would like to start off with these 2 charts
Them: Great, what are they?
M: A specific cohort of Bitcoin(BTC) holders in 2 timeframes. These people have .1 to 1.0 BTC
T: So this is the BTC adoption curve?
M: No, these are just the current holders of .1-1.0 BTC
Them: Great, what are they?
M: A specific cohort of Bitcoin(BTC) holders in 2 timeframes. These people have .1 to 1.0 BTC
T: So this is the BTC adoption curve?
M: No, these are just the current holders of .1-1.0 BTC
T: Is this price adjusted?
M: No
T: That's impossible (Someone else in the room asks, "why is that impossible?")... Because that is a 10 year inelastic demand curve
M: Correct. On an asset, with 70vol, that had a 100x move, and several 50+% corrections, From ~$300 to $60,000+
M: No
T: That's impossible (Someone else in the room asks, "why is that impossible?")... Because that is a 10 year inelastic demand curve
M: Correct. On an asset, with 70vol, that had a 100x move, and several 50+% corrections, From ~$300 to $60,000+
T: So you are telling me that for the last 10 years, regardless of press or price, these people just kept buying?
M: Actually, its more impressive than that, as soon as they acquire 1.00+ BTC they fall off this chart, so they are being replaced by others, that are doing the same
M: Actually, its more impressive than that, as soon as they acquire 1.00+ BTC they fall off this chart, so they are being replaced by others, that are doing the same
T: I have never seen anything like this
M: Correct
T: What kind of $ are we talking here?
M: At current prices, each has $3500-$35,000. Combined they control ~$25 billion
T: Where is this money coming from?
M: Most of them buy monthly, weekly, paydays etc.
T: Time out! ..
M: Correct
T: What kind of $ are we talking here?
M: At current prices, each has $3500-$35,000. Combined they control ~$25 billion
T: Where is this money coming from?
M: Most of them buy monthly, weekly, paydays etc.
T: Time out! ..
T: You are telling me this is a lifestyle product.
M: Exactly
T: What % of total value do they control.
M: Right now, 4%, but don't forget, once they get a full bitcoin, they drop off this chart.
T: Clearly these people are mindshare advocates within their sphere of influence
M: Exactly
T: What % of total value do they control.
M: Right now, 4%, but don't forget, once they get a full bitcoin, they drop off this chart.
T: Clearly these people are mindshare advocates within their sphere of influence
M:Clearly
T: Do you think they can jump the chasm? ("Wait, what's a chasm, what are you talking about?')
M: Its when a user base, gains critical mass & inertia to jump into the mainstream adoption phase, and yes, I have never seen a ramp like this, where the product wasn't free
T: Do you think they can jump the chasm? ("Wait, what's a chasm, what are you talking about?')
M: Its when a user base, gains critical mass & inertia to jump into the mainstream adoption phase, and yes, I have never seen a ramp like this, where the product wasn't free
T: Ok, so what does this mean for us?
M: If we/you don't gear the offering to these people, they will move to someone that does. This is a purpose driven segment, so even if we/you want their USD business, we/you had better make them feel their bitcoin is acknowledged.....
M: If we/you don't gear the offering to these people, they will move to someone that does. This is a purpose driven segment, so even if we/you want their USD business, we/you had better make them feel their bitcoin is acknowledged.....
M: acknowledged and appreciated at least, an area of focus and acceptance at best. Don't forget, this isn't just growing in value, but growing in headcount. And if Bitcoin gets to new ATH, now it's $50 billion plus.
Everyone is focused on the "whales", but....
Everyone is focused on the "whales", but....
but, that's not where the new headcount is coming from. Over 90% of customer facing companies have target customers w $3500-$35K in their top 2 addressable tiers. For many, it's their lowest acquisition cost/value slice they have
Not only do you get their economic potential,
Not only do you get their economic potential,
But, you also get the advocacy in their sphere of influence. Look at this chart, and you will see the difference in this cohorts activity. Some estimates have this cohort at controlling $100Billion of liquid capital in less than 2 years. Thats why I call them "Piranhas"
T: I agree we need to dig deeper. With all the volatility around Bitcoin, I had no idea this group existed. This could be very important.
M: I thought you would like it.
T: I would like for you to come meet with our Board next week, will that work?
M: Wouldn't miss it.
M: I thought you would like it.
T: I would like for you to come meet with our Board next week, will that work?
M: Wouldn't miss it.
Notes:
These aren't $ value charts, these are total bitcoin controlled, regardless of value charts.
IMO. This isn't long term bullish, it's long term inevitable.
P.S. Ever want to get an exec's attention? Show them a lower left to upper right chart, going in a straight line.
These aren't $ value charts, these are total bitcoin controlled, regardless of value charts.
IMO. This isn't long term bullish, it's long term inevitable.
P.S. Ever want to get an exec's attention? Show them a lower left to upper right chart, going in a straight line.
BTW.
This same presentation would work for a political campaign manager and staff as well.
Let that sink in.
This same presentation would work for a political campaign manager and staff as well.
Let that sink in.
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