5 Bitcoin Drivers of 2024

(From the International Man newsletter I subscribe to. Comments mine.)

1. BTC will be the world's hardest money

Agree, for obvious reasons.

2. Bitcoin ETFs

I think BTC value will pop when ETFs are approved, then drop as non-HODLRs cash out, then dramatically increase.

3. FASB accounting value

Bitcoin that companies hold will be marked to market. This will have a huge positive impact on BTC values and values of publicly-traded companies in the US.

4. De-banking and bank failures

The more they try to penalize people who disagree, the greater the unintended consequences will be. Bank failures are bound to happen regardless of what Bitcoin does.

5. Monetary pivot

Normal long-term cycles (+200 years) call for a change in the financial system. It's no coincidence that Bitcoin was created.