Bitcoin Maximalist Forecasts 100x Outperformance Against USD
Renowned Bitcoin maximalist Fred Krueger has made a bold prediction regarding the future dominance of Bitcoin over the US dollar (USD). In a recent statement, Krueger asserted that BTC is poised to outpace the US dollar by 100x within the next 12 years. This assertion is based on the stark contrast between Bitcoin's monetary policies and the ballooning US deficit.
Halving Significance Emphasized
Krueger emphasized the significance of Bitcoin's halving events, where the new supply of Bitcoin decreases to a nominal fee for network security. In contrast, he pointed out that the US deficit, currently at a staggering $1.6 trillion, represents a substantial 4.7% of the total debt. Additionally, he highlighted the inflationary pressures from Medicare and Social Security, potentially leading to a 10% annual increase in the dollar supply.
Efficiency Comparison
Highlighting Bitcoin's efficiency compared to the dollar, Krueger noted that Bitcoin is already 10x more efficient. He projected a future where Bitcoin's efficiency would skyrocket to 100 times that of the dollar within 12 years. This is attributed to Bitcoin's fixed supply and an anticipated 100x increase in demand over the next two decades.
Roadmap for Adoption
Krueger outlined a roadmap for Bitcoin adoption, with the current user base estimated at a mere 0.1% of the global population. He emphasized the milestone of reaching 400 million users, which would signify 5% of the world's population accepting Bitcoin. This surge in adoption would lead to a 40x increase in Bitcoin acceptance, underscoring the importance of widespread adoption for its continued success.
BTC Price Rebounds
Following a recent slump from its all-time high of $73,750 in March, the Bitcoin price has rebounded by 1.73% to $67,648.67 on April 6. However, the 24-hour trade volume for BTC plunged 34.88% to $25.64 billion. Analysts have ruled out the possibility of a new all-time high before the Bitcoin Halving event this month, warning of a potential slump below $58,000 if Bitcoin fails to break the $70,300 level.
