As 2023 ends, I'm noting down my thoughts for the next 20 years about #Bitcoin 's evolution 📝👇

What is money? 

Money functions as a store of value, a medium of exchange, and a unit of account. Bitcoin, serving as money, will eventually fulfill all these roles.

Currently, Bitcoin is in its store of value phase, protecting value from dilution. This phase might end in the next 8 years or after two halving cycles, with the Bitcoin ETF as a key indicator of this shift. At the end of this phase, Bitcoin could be trading at or above 1 million dollars.

Following this, we'll likely witness significant adoption and innovation in Bitcoin's layers and applications, focusing on its use as a medium of exchange. This phase will see a surge in companies developing on Bitcoin layers. Post this phase, Bitcoin might trade around 10 million dollars, with nearly everyone on the planet owning a wallet or using Bitcoin apps.

As for its role as a unit of account, I don’t see it happening in the next 20 years. I believe this will occur automatically after the store of value and medium of exchange functionalities have reached their maximum. My timeline for this to occur is before 2140, at which point Bitcoin will become the default money for everyone. https://image.nostr.build/fcfe0c4d6c3bc5d7e23598725c8e26ac99023ac24af29aa82db3734d3c271909.jpg