To accurately characterise Bitcoin and predict its trajectory in the decade ahead, it helps to revisit the message embedded in its genesis block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.
Bitcoin kicked off the blockchain revolution and became a poster child of fintech. Over time, it is regarded as a monetary technology for its value as sound money. Eventually, people will realise that it is the most promising Dissident Tech of our time. This occurs in the context of the enormous social problems and inequalities created by the Cantillon Effects of unprecedented global liquidity – a redistribution from the poor to the rich.
In other words, Bitcoin is a technological breakthrough, but it is first and foremost a political and ideological movement.
Andy Yee 