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Jake Woodhouse 5mo ago

The stablecoin market is predicted by the head of US treasury Bessent to become a 3.7$ trillion market by 2030

That’s massive growth

Bitcoin will benefit for sure

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Discussion

Jake Woodhouse 5mo ago

Good Mark Moss video to break it down

His best guess on Bitcoin price: 600k up to 1.4 mil

Potentially as early as 2027

https://youtu.be/nUl_yJz66hE

Richard Martin 5mo ago

How does Bessent or anyone else know about the situation in 5years?

Jake Woodhouse 5mo ago

Because he is shaping US government policy and is looking at ways to best sell US treasuries

So will use the law to incentivise the market

Richard Martin 5mo ago

Yes, because government planning always works. 🤣

Jake Woodhouse 5mo ago

Fair point 😂

Richard Martin 5mo ago

And how does it benefit Bitcoin ?

Jake Woodhouse 5mo ago

The main way in my view is it just brings lots of new people into the “crypto” ecosystem, so more demand for Bitcoin will appear

Richard Martin 5mo ago

I get a kick out of these predictions. How many times have their predictions been off by an order of magnitude? How many times has Samson Mow predicted BTC $1million?

Jake Woodhouse 5mo ago

Timeline and price are impossible to get right

It will be 1$mil… just not sure when!