Mark Moss, a seasoned investor and vocal Bitcoin proponent, has painted a bullish picture for the future of Bitcoin, highlighting several key factors that he believes will propel its growth.
In an interview with Bitcoin influencer Natalie Brunell, Moss emphasized the importance of taking a long-term perspective on Bitcoin’s trajectory. Despite short-term volatility, he points out that Bitcoin has experienced impressive growth, rising 130% year-over-year and 242% over two years. This growth, according to Moss, is largely attributed to global liquidity cycles, where Bitcoin exhibits a higher sensitivity to liquidity increases compared to traditional assets like gold.
Looking ahead, Moss sees the 2024 U.S. presidential election as a pivotal event for Bitcoin’s adoption. He believes a Trump victory, which he estimates has a 65% chance, could lead to Bitcoin being included in strategic reserves, potentially pushing its price to a staggering $300,000-$400,000. A Harris victory, on the other hand, would result in a more conservative projection of $100,000-$150,000.
Contrary to predictions of a traditional market crash, Moss anticipates an ‘inflationary crash’ scenario where asset prices, including Bitcoin, continue to climb rapidly while living standards decline due to stagnant wages. This scenario, he argues, is more detrimental than a deflationary crash as it eliminates opportunities for market re-entry.
Moss believes Bitcoin’s role in finance will evolve beyond its current niche status, becoming more integrated into mainstream financial systems. He doesn’t anticipate significant regulatory hurdles in the U.S. due to Bitcoin’s growing presence in political and financial circles.
In conclusion, Moss advocates for a long-term approach to Bitcoin investment, suggesting that investors earn in fiat currency, save in Bitcoin, and hold assets indefinitely. This strategy, he believes, aligns with the true ‘game of money’ and can lead to greater financial success and peace of mind for investors.
