

Path to $1M Bitcoin with Vijay: The Bullish Case Revisited
12 snips Jul 18, 2025
Vijay Boyapati, an economist and author known for his work on Bitcoin, delves into its evolution and significance as a hedge against economic instability. He explores nation-state adoption and the impact of institutional investments, such as Bitcoin ETFs. The discussion also tackles investment strategies, highlighting risks tied to market dynamics. Vijay emphasizes Bitcoin's potential to serve as a de facto savings account and contemplates the emerging risks from quantum computing. His insights present a compelling case for Bitcoin's enduring value in the financial landscape.
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Bitcoin's Monetization via Hype Cycles
- Bitcoin's monetization follows Gartner hype cycles, fractal in nature with crashes and plateaus.
- Nation states with strong executive power adopt Bitcoin first, signaling political capture as a new phase.
Vijay's Austrian Economics Journey
- Vijay discovered Austrian economics at Google, transforming his understanding of economics and political economy.
- Ludwig von Mises' book "Human Action" was life-changing despite its dense style.
Institutional Demand Drives Bitcoin ETFs
- The BlackRock Bitcoin ETF quickly became a top fee revenue source due to huge demand despite low fees.
- Institutional interest is demand-driven; clients pressured providers to offer Bitcoin exposure.