Raoul Pal (ex Goldman’s and CEO of Realvision) knows finance. He makes an interesting case for why BTC will increase in value in the next 5 years. Along the way he touches on important topics of monetary and fiscal policy and how the IMF and Central banks may look to use digital currencies to address some of the issues with the current system.
At ADAvault we also think we will see BTC heading towards a reserve currency role in the mid term (Metcalfe’s law will help here plus the fact it already performs that role in the crypto space).
However we see a larger role for other cryptos such as Cardano to deliver economic identity and enable access to financial services for the unbanked. There are stronger candidates to provide specific capabilities, for example smart contracts, for reasons explored in other blog posts.
Long but worth watching in full.