The bull case for bitcoin
Proponents argue bitcoin could become a widely adopted digital store of value, like a digital gold. They point to:
- Bitcoin’s scarcity and decentralization. Supply is capped at 21 million coins, a feature hard-coded into bitcoin’s protocol.2 Scarcity is the foundation of the “bitcoin as digital gold” narrative, the idea that it’s an alternative to fiat currencies whose values are being systemically eroded by an explosion in government debt levels. The decentralized nature of bitcoin’s supply means no single entity can alter its issuance, further distinguishing it from traditional monetary systems.
- The great wealth transfer. As Millennials (born 1981–96) and Gen Z (born 1997–2012)…
