Cryptocurrency analyst Fred Krueger has presented a forecast that Bitcoin will occupy a unique position in the global economy. He claims that in the next 20 years, Bitcoin will become the largest 'store of value' in the world.
The Future of Bitcoin as an Asset
Krueger believes that Bitcoin will move beyond being a mere digital asset and become the primary 'store of value' on Earth within 20 years. He emphasizes that this view might seem difficult for many to accept.
Capitalization Forecasts
The analyst asserts that in this scenario, Bitcoin's market capitalization would reach $10 trillion, with its total value hitting $200 trillion, making it five times larger than the current market cap of gold.
Social Aspects and Inequality
Krueger also notes that this corresponds to about 50% of the global M2 money supply. He described the issue of generational wealth inequality: 'Boomers are hated by millennials for buying cheap houses. But that pales in comparison to the hatred Gen Z will feel for millennials who bought 'cheap Bitcoin.'.
Fred Krueger's predictions spark discussions among analysts and investors, highlighting the potential impact of Bitcoin on the global economy and issues of social inequality.
