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Cryptocurrency investor and entrepreneur Alistair Milne outlined his hypothesis on the current state of Bitcoin, explaining that he believes it will supercede it's all time high in the future.
In a series of tweets, Milne outlined his expectations for bitcoin in the future. The entrepreneur explained how as an early investor, he used to "speculate about how it (BTC) was an 'asymmetric investment opportunity'."
Still Bullish 1/6:
— Alistair Milne (@alistairmilne) January 19, 2019
As early Bitcoin investors, we used to speculate about how it was an 'asymmetric investment opportunity' ... i.e. you could lose 80% OR make several multiples on your investment
Milne explains that since BTC has dropped 80% in value since the all time high, "the asymmetric opportunity is absolutely explicit." Milne explained further that BTC may drop or potentially "retest its ATH (5x) ... at a minimum."
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Now, with more regulatory certainty & BTC being ~80% down from ATH, the asymmetric opportunity is absolutely explicit. Bitcoin may drop and/or eventually retest its ATH (5x) ... at a minimum
— Alistair Milne (@alistairmilne) January 19, 2019
2/6
Milne continues to explain that mass adoption waves grow over time, insisting that "The probability that Bitcoin matches its ATH price again and doesn't then continue past it seems very low." Milne also admits he won't be selling BTC at $19,000 next time it reaches that high.
The probability that Bitcoin matches its ATH price again and doesn't then continue past it seems very low. Each wave of adoption is an order of magnitude bigger than the last. Price expectations of HODL'ers rises exponentially (I won't be selling at ~19k next time)
— Alistair Milne (@alistairmilne) January 19, 2019
3/6
The increase in price is attributed to mainstream awareness and institutional money participants. Milne believes once bitcoin proves it is 'not dead' yet again, more people will buy into it. Milne continues to elaborate on BTC being Gold 2.0, with BTCs inflation/production rate heading for lower levels than gold next year, "they shouldn't doubt Gold 2.0" he commented.
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Investors are now very aware that Bitcoin is like trading Gold with 100x leverage and, next year, Bitcoin's inflation/production rate will actually be *lower* than Gold's
— Alistair Milne (@alistairmilne) January 19, 2019
No-one appears to doubt the usefulness of Gold as an investment, they shouldn't doubt Gold 2.0
5/6
Milne believes sentiment may take time, insisting that "30-50 million people owning crypto is not the industry's peak".
Milne concludes his tweet thread by stating that the next bull run will ultimately decide which blockchains will survive for the next 100 years, admitting that "Bitcoin is currently the *only* sure thing"
Investors are now very aware that Bitcoin is like trading Gold with 100x leverage and, next year, Bitcoin's inflation/production rate will actually be *lower* than Gold's
— Alistair Milne (@alistairmilne) January 19, 2019
No-one appears to doubt the usefulness of Gold as an investment, they shouldn't doubt Gold 2.0
5/6
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