BlackRock ETF Sparks Bitcoin Buying in the US as Research Says It's 'Walking Away From Zero'

Bitcoin is a must-have as the world's only truly scarce asset, according to analysis, as the accumulation of BTC in the United United takes a step ahead.

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Bitcoin (BTC) will suck up “all prosperity gains” in the future and leave those unexposed behind, according to a new prediction.

In a Twitter thread on July 8, investor Luke Broyles laid out a bold vision for how Bitcoin would become the "basic currency of society".

Investor tells potential Bitcoin buyers, "Get rid of zero"

What started as a commentary on how artificial intelligence (AI) welcomes BTC has quickly become a dramatic insight into how it should become the world's go-to currency.

For Broyles, Bitcoin's key attribute – a fixed, unchanging supply – makes it unique as a perennial asset.

“Every innovation (even AI) will rush as fast as possible to drive down prices competitively. Every country will rush as fast as possible to print money to drive up prices and support global markets. credit. Both of these forces will increase in speed,” he wrote.

BTC, meanwhile, will remain constant in its issuance, and therefore even a tiny bit of exposure is a world away from nothing at all.

"We have less in common with the future than with the past...Bitcoin is already trading for hundreds of millions of political currency units in many countries. But the real big problem is that all gains from prosperity of all future innovations will go to the base currency of the company - BTC,” Broyles continued.

"That's why it's CRUCIAL that people get away from zero." To say that bitcoin is digital gold is like saying that a locomotive is an iron horse. »

Data on supply dynamics of bitcoins. Source: Luke Broyles/Twitter

His view matches one recently published by Arthur Hayes, former CEO of crypto derivatives exchange, BitMEX.

As Cointelegraph reported, Hayes believes the AI ​​will instinctively choose BTC as its funding...