1. Even if you know that hoarding Bitcoin can lead to financial freedom, you may still not be able to do so because you don’t want to wait and you still want to take shortcuts.
2. In the previous article, Jiu Shen predicted that Bitcoin would reach RMB 160 million after 2038. Jiu Shen wrote "Hoarding Bitcoin" in 2018. Regardless of whether it is a linear or exponentially decreasing valuation, I think Jiu Shen mainly considered Bitcoin's four-year halving cycle and the acceptance of its storage function by more people.
3. I think the four-year halving cycle is more about considering the commodity attributes of Bitcoin, that is, the price increases when the output is halved while the total amount remains unchanged. However, as the Bitcoin halving cycle progresses, the amount of Bitcoin that can be mined each time decreases, while the number of Bitcoins that have been mined increases, and the amount of Bitcoin that has been mined is not enough to bring about a deflationary effect compared to the early days of Bitcoin mining.
4. In terms of storage, the public's understanding of Bitcoin is indeed becoming clearer and clearer, and this is more obvious among the millennial generation. Compared with old money such as gold, they are more likely to recognize and accept Bitcoin. We know that now is not like before, even in the bear market, there are no more rumors about the death of Bitcoin.
5. Compared with the specific figures of the Nine Gods' linear growth theory, we can actually think more about another level of things. Because I think the price growth of Bitcoin will not regularly continue the previous price trend, so we don't have to predict specific figures.
6. Of course, I have mentioned before that Bitcoin should be benchmarked against the total amount of global currency M2. I believe this grand goal will be achieved, but I am not sure about the time process, maybe ten or twenty years. As a true Hodler, this is not that important, right?
7. From another perspective, from the perspective of the level of the general public involved, I think it can be divided into the following stages:
2012-2013 was participated and promoted by technical experts and liberals.
2016-2017 was driven by large-scale mining led by China and participation by Eastern speculators.
2020-2021 was driven by the intervention of funds from medium and large institutions and high net worth individuals.
2024-2025 driven by truly large institutions with support from new small sovereign states.
2028-2029 Some sovereign states intervene to compete for defensive asset positioning.
By 2032-2033, most sovereign nations will participate and circulation will become simple (the free trade that the Nine Gods are waiting for may be realized at this time).
2036-2037 Billions of people join in, or it has become a global currency, 1 Bitcoin = 1 Bitcoin
8. How much will the price of a Bitcoin be around 2037 due to the participation of billions of people? You can imagine it yourself. Maybe you will say that 20 years is too long, is there a shortcut? I tell you that this is the shortcut. You say the price is expensive now, and it will be even more expensive in four years. Those who think it is expensive will never be able to afford it.
9. In fact, most people have little chance of achieving wealth freedom or class-crossing in this life. If you know Bitcoin now, understand Bitcoin, and start hoarding Bitcoin, you can say that you are on the right track. In addition, I can't think of any other low-risk and high-certainty methods to cross classes. If you have any, please tell me!
10. Finally, for those in the circle who want to take shortcuts to earn more Bitcoin, I think Jiushen’s advice is very good. If you are playing with copycats, you might as well issue coins. If you are playing with contracts, you might as well open an exchange. If you are playing with mining, you might as well sell mining machines and open a mining farm. If you can’t become a sickle, then don’t bother, just hoard coins steadily, this is the shortcut.
