The Milk Road Show
The Golden Age of Crypto Starts Now: $1 Million Bitcoin Ahead w/ Ryan Rasmussen
Dec 27, 2024
Ryan Rasmussen, Head of Research at Bitwise, shares fascinating insights into the future of crypto. He boldly predicts Bitcoin could hit $1 million by 2029, emphasizing the anticipated mainstream acceptance of cryptocurrency. The conversation highlights Coinbase's potential to outpace traditional financial institutions, while national strategies for Bitcoin acquisition gain traction. Ryan also discusses the intersection of AI and crypto, showcasing innovative trends that could reshape the market. Exciting times lie ahead for digital assets!
43:54
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Quick takeaways
- Coinbase's expected growth to become the most valuable brokerage signifies cryptocurrency's increasing legitimacy and acceptance among traditional finance.
- By 2025, a significant rise in countries adopting Bitcoin could spark a 'Bitcoin arms race,' enhancing its global recognition and value.
Deep dives
Coinbase's Market Position by 2025
Predictions indicate that Coinbase will not only see its stock price double, surpassing $700 per share, but will also outpace Charles Schwab to become the most valuable brokerage globally. Achieving this milestone would mark a significant acknowledgment from Wall Street of Coinbase's legitimacy and its business model's complexity. Currently, Coinbase generates revenue not just through trading fees but also through services like staking and custody, which are expected to expand notably. This potential shift in valuation would encourage a broader acceptance of cryptocurrency as a viable investment vehicle among traditional financial firms.
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