When Bitcoin hits $1 million, you should not ask why Bitcoin

When Bitcoin hits $1 million, you should not ask why Bitcoin is so expensive. You should ask why the Dollar buys so little… + how much bread and housing costs.

#BTC

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Tether was built and operated for a long time in a zero-yield environment. This allowed for focusing on serving unbanked and underbanked people and business in emerging markets of particular need. Product market fit was pure and simple. https://usdt.network

It’s 2025 and institutions still don’t understand stablecoins. 3 points: + The primary user group is un- and under-banked. + Users look for reliability and inclusion, not yield. + Emerging Markets lives and businesses depend on stablecoins. Not just one of many shiny tools.

Wow, this was 10 years ago today. Time flies! Proud to have started the VanEck Bitcoin/crypto effort and catalyze + pioneer Bitcoin ETFs and institutional adoption when it was unpopular.

Spot Bitcoin ETFs surpassed $1 Trillion in volume within 18 months from launch. Institutional adoption is here. Bitcoin is special.

I got 99 problems… Bitcoin at 99k isn’t one of them.

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