The CEO of cryptocurrency consulting firm Parallax Digital predicts a massivethe expansion of the supply of US dollars over the next ten years, which, according to him, will lead to the rapid growth of bitcoin to $ 12.5 million.
In addition, Robert Breedlove commented on bitcoin volatility since the beginning of the year, during which the leading crypto asset fell more than 50% from its all-time high.
«Volatility is a natural functionprice determination, and it tends to decline as market capitalization increases, which is inversely proportional to market capitalization. We have seen this model work with Bitcoin, in fact its volatility is reduced.
Bitcoin is an asset that is monetized inreal-time ... It competes for a $ 250 trillion market that is a global store of value. So in relation to the overall target market, it is just emerging.
Historically, gold was a technology thatWhat was most satisfying was the value of property... Bitcoin offers us something radically new. This is money based on accurate information. If I have one million Bitcoins, I will forever have one million of the possible 21 million [BTC]. Nobody can change this. So this is ideal inelasticity of supply, which is the property that market participants look for in a store of value.
Breedlove predicts that as a global vehicleBitcoin savings will continue to rise alongside a sharp increase in the supply of US dollars. The catch, he said, is that the surge in the supply of US dollars will come at the expense of weaker fiat currencies.
«The increase in the money supply is regulatedby law. This is called the law of acceleration and depreciation. The more money you print, the more money you will eventually have to print to keep the system running. I do expect US M2 money supply growth to double again, likely within the next four years. After this it will double in size again. By the end of the decade we will be north of 100% annual M2 expansion in the US.
I really expect that during thistransition, many weaker international currencies will collapse to the dollar... and by the end of the decade, the volume of US M2 will increase to approximately the level of global M2. Global M2 itself, under the law on acceleration of output and depreciation, will grow from $100 trillion to approximately $1.25 trillion, that is, by $1,250 trillion. At the same time, Bitcoin will rise in tandem... causing it to be nominally valued at $12.5 million by the end of the decade.
Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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