The founder and CEO of BKCM, BKCM, digital asset investment firm, believes that Bitcoin (BTC) could surge at three-digit percentage points if core use cases are frequently adopted.
In an interview with the RiskReversal Media YouTube channel, Kelly says that if Crypto King reaches its current market capitalization, Bitcoin could explode about 600% from its current level.
“Let’s say all you’re doing is using it as a gold replacement. That’s one use case among many others… and it takes over the gold.
I think gold currently has a market capitalization of around $15 trillion…and what is Bitcoin? $2.5 trillion. Something like that. $2.5 trillion to $15 trillion (trillion). That’s seven times more, right? So that’s not bad. ”
Bitcoin was trading at $115,580 at the time of writing, down about 6% from its all-time high in mid-July.
According to digital asset investors, Bitcoin is “the most important innovation in financial history over the past 600 years.”
“It’s the equivalent of Medicis (the Italian bank family) … Medicis has started using double-enter accounting, which is what they were pioneering. And they basically developed our modern financial system.
So, looking at other assets, there are other industries that have been confused by software. This is everything Bitcoin is all about. Looking at what happened to the post office when the email came out, what happened to the media when YouTube came, what happened to the media when the podcast came, what happened to the radio show when the podcast came, they were all completely destroyed.
And that’s what you’re guessing. That bitcoin, as we know, will disrupt the internal financial mechanisms. Also, the technology behind Bitcoin and the currency behind Bitcoin will be used as this new, improved financial plumbing. ”
https://www.youtube.com/watch?v=ytb0oqjx3r8
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