Bitcoin Maxi Explains Why BTC Will Outperform USD by 100x
Noted Bitcoin maximalist Fred Krueger has made a bold prediction regarding Bitcoin’s future dominance over the US dollar (USD). Krueger recently stated that BTC will outperform the US dollar by 100 times in the next 12 years. He also highlighted the stark contrast between the monetary policies governing BTC and the US deficit.
Bitcoin Maxi Explains the Importance of the Halving
Additionally, Krueger also highlights the post-Halving scenario in which Bitcoin’s new supply will be only 0.8% per year. He describes this as a “nominal fee” to ensure network security. On the contrary, he pointed out that the staggering $1.6 trillion US deficit represents 4.7% of total debt.
He also noted additional inflationary pressures from health care and social security, stating that these pressures have the potential to lead to a 10% annual increase in the dollar supply. This means that the supply of dollars increases exponentially and will lose value over time due to scarcity.
“Bitcoin is already 10 times more efficient than the dollar,” Krueger said. Moreover, he predicted a future in which the efficiency of BTC will increase to 100 times that of the dollar in 12 years. He predicts a massive increase in demand for Bitcoin, suggesting a 100-fold increase in demand is expected over the next two decades, in addition to Bitcoin’s fixed supply.
Additionally, Krueger’s analysis took a deep dive into BTC’s current user base and estimated that it accounts for just 0.1% of the global population, totaling around 10 million users. He drew a road map for adoption. Bitcoin maxi stated that reaching 400 million users would mean a critical turning point where 5% of the world’s population would accept Bitcoin.
If the goal is achieved, Bitcoin holders will have great success against those who accept dollars. Therefore, it represents a 40-fold increase in adoption. This underscores the need for a significant increase in Bitcoin adoption to achieve widespread acceptance and use.
Also Read: Costa Rica Continues Debate on Allowing Bitcoin as Currency for Daily Use
BTC Price Rising
Bitcoin price had previously fallen over 11% from its all-time high of $73,750 in March. At the time of writing, the BTC price rose 1.73% to $67,648.67 on Saturday, April 6. On the other hand, the market value of crypto was $1.33 billion.
However, BTC’s 24-hour trading volume decreased by 34.88% to $25.64 billion. The recovery in BTC’s value can be seen after it dropped to $65,000 amidst the recent rally-following slump. In contrast, Bitcoin’s 1-month gain remained just over 3%, indicating slow performance.
On the other hand, analysts have ruled out the possibility of Bitcoin reaching an all-time high ahead of the Halving event this month. Crypto analyst Michaël van de Poppe stated that an all-time high will not be possible if Bitcoin cannot break the $70,300 level. It could drop below $58,000 instead.
Also Read: MicroStrategy (MSTR) Tanks Takes 25% Share, Will There Be Recovery Immediately After Bitcoin Halving?
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