Thread by @IIICapital

1/ #Bitcoin is the first REAL money society has ever discovered.

It is the catalyst towards near perfect price signals due to its strong, drastically underestimated, propensity to HODL (only 21M).

2/ You can do 2 things with #Bitcoin.

1. Invest it (to earn more $BTC).
2. Spend it (to consume today).

3/ Investing #Bitcoin successfully will be incredibly difficult. 99.9% of people will likely not have traditional investments.

This means that $BTC will be HODL'd and the price must increase until a HODLer sees a good risk-adjusted opportunity to invest today.

4/ Spending #Bitcoin will also be discouraged as we all know the future purchasing power will continue to increase forever.

This means that $BTC will be HODL'd and price must increase until a HODLer sees a valid reason to consume today.

5/ #Bitcoin's monetary properties and perfect scarcity will push the price higher and higher until it forces HODLers to part ways with their coins.

As the block subsidy continues to dwindle and adoption continues to accelerate, #Bitcoin will reach unimaginable price levels.

6/ Perfect scarcity pushing the price up until HODLers have a desire to invest or consume will transform how the world thinks about wealth and economics.

It is possible that by 2050, society will be more advanced than ever, but only have an estimated global wealth of 22.1M $BTC.

7/ How can this be?

I think equities and real estate will exist, but they won't be traditional "store of value" assets.

They will only be there for consumption or short term (<20 years) $BTC denominated alpha because the price of everything with trend to 0 sats.

8/ A LARGE LARGE LARGE MAJORITY of #Bitcoin will be stuck in cold storage for a long long time because the HODLer will not have a need to invest or consume TODAY.