On this auspicious day of February the seventeenth in the year of our Lord 2025, none other than Mr. Hunter Horsley, the esteemed Chief Executive Officer of Bitwise Invest, did take to the social platform known as X to proclaim that we, as a society, are most grievously underestimating Bitcoin. The gentleman, with great fervor and evident optimism, did enumerate a series of reasons whereby he believes Bitcoin is poised to ascend toward wide acceptance and the astronomical valuation of $1,000,000. Indeed, he boldly challenged the public to present their counterarguments, crafting a rather amusing compendium of the various obstacles in the path to this financial celestial sphere. 🎩💸
Table of Contents
2025: “is going to be a watershed year”
In a series of posts upon the aforementioned social medium, Mr. Horsley did profess that he has never felt more optimistic about Bitcoin than he does at this present moment. He laid forth several delightful reasons as to why this very year shall witness Bitcoin making “massive leaps into the mainstream,” fortifying his assertion that 2025 shall indeed be “a watershed year.” 🏞️
This year you’re going to see:
1. More inflows into ETFs
2. More corporations acquiring more Bitcoin
3. More nation-states purchasing more Bitcoin
4. US Wealth Management acquiring for clients
5. Banks and Financial Institutions launching services to assist clients in accessing Bitcoin
6. Regulators creating…
— Hunter Horsley (@HHorsley) February 17, 2025
Among the array of grand assertions made by Mr. Horsley, he mentioned the growth of Bitcoin ETFs, the increasingly fervent purchases by governments and corporations alike, as well as a veritable cornucopia of favorable crypto regulations that shall, he claims, elevate Bitcoin to new heights this year. As icing upon the cake, Mr. Horsley expounded upon the burgeoning demand for Bitcoin vis-à-vis today’s geopolitical environment, along with the gallant endeavors of financial institutions to simplify the public’s access to the almighty Bitcoin. In conclusion, he noted with profound delight that commendations for Bitcoin are being voiced by ever more reputable individuals, further propelling its value skyward. 🎉
Yet, pray tell, some of these exhilarating reasons are hardly novel and do seem to reappear whenever someone proclaims, “The upcoming bull run shall be unlike any other!” The interest from institutional investors, those venerable endorsements from high-profile persons, and improved regulations were previously highlighted in anticipation of the grand 2020 crypto rally. However, one might surmise that the magnitude of such factors present today is of an entirely greater realm. 🧐
For example, one cannot help but notice the metamorphosis of many Wall Street sages who, once firm in their disapproval of Bitcoin, have now taken to advocating for digital currencies. Remarkably, BlackRock now manages the largest hoard of bitcoins in existence. Just to suspend one’s disbelief, one might recall the company’s CEO in October 2017 referring to Bitcoin as an “index of money laundering.” How times have changed! 📈
Moreover, one shall not forget the pronouncements of none other than Mr. Warren Buffett, who, in 2018, likened Bitcoin to “rat poison” while his co-chair had the audacity to compare Bitcoin trading to selling turds! Such colorful metaphors! Nevertheless, in 2021, Berkshire Hathaway did invest in Brazilian Nu Bank, a digital financial institution dabbling in cryptocurrency. This serves merely as a pair of examples amongst a veritable sea of institutional enthusiasm for Bitcoin in this current decade, heralding what promises to be an unprecedented Bitcoin boom. 🍿
As we transport ourselves into the fresh horizons of 2025, characterized by new trends and unprecedented demands for Bitcoin, the possibilities are indeed tantalizing. Crypto ETFs have already elevated support for the BTC price throughout early 2024, attracting a host of new players adorning the crypto market.
The current populace’s thirst for Bitcoin, spanning from entire nations to bold corporations, is drawing parallels to the grand arms race or the magnificent space race of bygone years. For instance, one must note that there are 20 proposed Bitcoin reserve bills across 18 states in the USA which, if sanctioned, could result in states acquiring nearly 250,000 BTC—quite the impressive collection! 🏆
Regarding the geopolitical machinations, one observes Russia’s enthusiastic embrace of Bitcoin as a means to evade Western sanctions and facilitate overseas trade; an exemplar that vividly depicts how the global stage is tilting toward cryptocurrency. History has shown—much like the tumultuous spring of 2020—that people do perceive crypto as a refuge in periods of global unrest. Indeed, the current state of the world is scarcely more stable than it was in 2020. 🌀
The demand for Bitcoin is swift and serves various actors, all the while burgeoning most impressively as we step further into 2024 and 2025, coinciding with the halving of 2024, which has curbed the supply just as the new bull market commences. 🕵️♂️
Potential Pitfalls
Rather than solely presenting his compelling reasons for such bullish predictions, Mr. Horsley ingeniously urged his dear subscribers to share what they believe could impede Bitcoin from realizing its lofty aspiration of reaching the price of $1,000,000. This exercise hath created quite a lively thread elucidating the main concerns entangled in the ever-evolving present and future of Bitcoin.
What’s the current best argument for why Bitcoin isn’t going to be widely adopted and reach $1M?
I observe more and more evidence of why it shall, and ever less of why it shan’t.
— Hunter Horsley (@HHorsley) February 17, 2025
One of the more disconcerting anxieties raised pertains to the specter of quantum computers. Should they be potent enough to disrupt the Bitcoin network, the implications are considerable, stirring much consternation among the populace. One particularly clever commenter did not dwell on quantum computers but rather highlighted that future technologies, in general, might herald Bitcoin’s irrelevance. ☠️
Quantum computing breaks ECDSA sooner than we think and Bitcoin becomes worthless.
— Ben Sigman (@bensig) February 17, 2025
While the frightful concept of quantum computing lingers ominously in the air, another industrious observer noted that scalability represents a formidable obstacle to Bitcoin’s celestial ascent. A user of distinguished moniker @dotkrueger deemed the inability of Bitcoin to scale as the finest argument against its rapid rise to a million dollars. Fret not, he added, as wrapped Bitcoin may yet serve as a suitable remedy to this vexing issue. Mr. Horsley, ever the agreeable companion, concurred, adding that Bitcoin ETFs might also serve as a salve to this particular predicament. 🧑🤝🧑
Great point. It can be wrapped to interoperate with all sorts of systems. In a way, the ETFs are a wrapper that abstract custody/trading, and port into traditional financial accounts.
— Hunter Horsley (@HHorsley) February 17, 2025
Other astute commenters have raised concerns detailing a lack of viable use cases, the general public’s reluctance to embrace Bitcoin as a currency, and whispered tales of diminishing decentralization. One particularly witty commentator quipped that should Mr. Trump and Mr. Musk succeed in making the dollar deflationary, the lust for Bitcoin shall surely wither away. Oh, the irony! 😂
Trump and Elon fix the fiat system and the dollar goes deflationary… Yep, that’s the best I’ve got.
— Ed Juline (@ejuline) February 17, 2025
But fear not! Mr. Horsley is not alone in his bullish disposition, as the likes of Mr. Brian Armstrong, Mr. Robert Kiyosaki, and Mr. Daniel Roberts have all echoed similar sentiments. The particulars of their reasoning may differ, yet they are unified in their expectations of exponential growth for the epoch of Bitcoin. Let us raise our teacups to the future! ☕️🌟
Read More
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- Path of Exile 2: How To Find & Unlock the Realmgate
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- NewsNation Taps Leland Vittert to Replace Dan Abrams
- Girls Frontline 2 Exilium tier list
- Million-Dollar Crypto Scandal: Abra Pays Up in SEC Settlement
- Chanel Showcases Apichatpong Weerasethakul’s Immersive Exploration of Memory and Light
- Joel McHale Joined Scream 7 And His Role Destroys A Popular Fan Theory
- Yarrow Slaps’ Distorted Celebrity Portraits Take Center Stage in New Video Game-Inspired Show
- Major League Soccer Will Move Studio Shows to WWE Headquarters in Expanded Deal with IMG
2025-02-18 01:52