Bitcoin Absorbs Prosperity Gains

According to a new forecast, Bitcoin will absorb “all prosperity gains” in the future, leaving behind those without exposure.

In a July 8 Twitter thread, investor Luke Broyles presented a bold vision of Bitcoin as “society’s base money.”

What began as a commentary on how artificial intelligence (AI) accepts Bitcoin quickly became a dramatic description of how it should become the global reserve currency.

According to Broyles, Bitcoin’s primary characteristic—a fixed, immutable supply—distinguishes it as a future-proof asset.

Every innovation, including artificial intelligence, will move as quickly as possible to drive prices down.

Every nation will print as much currency as possible to increase costs and maintain credit markets. “The velocity of both forces will increase,” he wrote.

BTC emission, meanwhile, will remain constant; as a result, even a minute exposure is a world away from nothing.

We have fewer similarities with the future than with the past. Bitcoin is already traded for hundreds of millions of units of political currency in numerous nations.

“But the huge deal is that all prosperity gained from future innovations will flow into BTC,” Broyles continued.

“This is why it is CRUCIAL for people to ‘get off zero.’ Saying ‘Bitcoin is digital gold’ is like saying a locomotive is an iron horse.”

His views align with those recently published by BitMEX’s former CEO and exchange for crypto derivatives, Arthur Hayes.

Hayes believes, as reported, that AI will instinctively choose Bitcoin as its financial lifeblood due to Bitcoin’s unique qualities compared to other assets, such as gold.

Consequently, AI alone could cause the BTC price to surpass $750,000 per token.

Meanwhile, the race to secure the remaining BTC supply may have already begun.

Broyles argued that Bitcoin liquidity reached its zenith during the March 2020 cross-market crash and will never retrace its steps.

When the largest asset manager in the world, BlackRock, announced a Bitcoin spot-based exchange-traded fund (ETF) filing, BTC activity in the United States skyrocketed.

According to on-chain analytics firm Glassnode, the United States appears to be reevaluating its exposure.

“Following the Blackrock Bitcoin ETF request announcement on June 15th, the share of Bitcoin supply held or traded by US entities has experienced a notable uptick, marking a potential inflection point in supply dominance if the trend is sustained,” the report stated on July 8.

A chart illustrating the differences in regional BTC supply ownership was included.