Crypto has been a wild ride for sure. From back in 2011 when I got started with it we have seen it go from under $100 to it's now $60,000+ Ah if only I knew I would have thrown every penny I had at it lol But here's the thing that $60,000 we see today might very well only be the start of what is to come in the next 10 years for bitcoin and crypto.
At those times it was the every day person who was mining bitcoin on their GPU, CPU and later ASIC miners. But the ASIC miners where small enough and cheap enough that you could grab a few up. Bu that's when things started to go downhill. Now you had specialized chips and hardware that could only do one thing and that was to mine bitcoin only to continue to get more power hungry which then leads to efficiency and more mining power.
In fact the newest miner set to come out in the next 30 days boosts a massive 800+ TH/s while using 11,000 watts of power. Currently you can pick up a futures of a bitcoin miner S21 XP Hyd. which will eat up nearly 5,600 watts and produce 473 TH/s. So you can see there's this endless game now of over priced miners that at first hash out like crazy and then move towards power efficiency so your hardware is constantly degrading over time.
It Starts With Companies
Now that your mom and pop miners are out of the game for the most part. (There's been a bit of a return with solar power and mining but you are limited to how much you can produce but it's all free at that point) It's now time for companies. We have seen this happening a bit primarily with places like MicroStrategy that invested and continues to invest in massive amounts of bitcoin. But that's not all we also already know of X (Elon Musk) and a few other companies who are somewhat invested into the asset.
What's really wild is the Microsoft's board meeting today will be talking about if they should add bitcoin to their coffers which could be the start of most major companies starting to stock pile crypto like bitcoin.
The Big Phase
It should also be rather clear that if Trump gets elected into office in November then it's also in the sights for bitcoin to be adopted into the country. Some countries are already doing this and I'm sure in some way the USA is as well.
These phase will most likely usher in the last major adoption for crypto in which countries will now own the asset. This phase is expected to put Bitcoin near a price point of 200k or more per bitcoin and some speculate over 1 million dollars per bitcoin. While personally I don't see that level happening it's still very possible when you start to factor in all major countries stocking up on it.
I'd put major country stocking up in the next 4 years but really after about 2 years of Trump being in office. If Harris wins I simply don't see it coming to pass to be honest.
Posted Using InLeo Alpha