Bitcoin investment thesis

I am a BTC enthusiast and hold a considerable amount of my capital in BTC. In periods like this, when the short-term trend is not clear, I try to remind myself why I am holding. I created an investment thesis to read when I start to doubt my decision. I hope it will help someone too. Please share your thoughts and maybe you have any additional points to my list. Here it is:

• Intergenerational wealth redistribution. Currently, approximately 50% of global wealth is held by Baby Boomers, a demographic exhibiting the lowest cryptocurrency adoption rate at around 5%. However, by 2035, Generation Z and Millennials, who represent the most crypto-friendly generations to date, are projected to become the wealthiest demographic due to intergenerational wealth transfer. This shift is anticipated to result in a significant redistribution of capital across various asset classes, with cryptocurrencies poised to be a primary beneficiary.

• Widespread adoptation. The widespread adoption of Bitcoin, encompassing institutions, governments, sovereign funds, and family offices, signifies its emergence as a leading asset within a new asset class. Bitcoin has transcended its origins as a niche asset for cryptography enthusiasts and now represents a dynamic and significant component of the modern financial landscape.

• ETF. Exchange-Traded Funds (ETFs) enable a wider range of investors to access Bitcoin. Many institutional investors face restrictions on their investment strategies due to their investment mandates (limitations on specific instruments, asset classes or ratings). While direct acquisition of spot Bitcoin is often prohibited for most institutions, some are permitted to invest in ETFs. The unprecedented growth in the Assets Under Management (AUM) of Bitcoin ETFs demonstrates their effectiveness as a vehicle for institutions to gain exposure to Bitcoin.

• Pension funds. The long-term appreciation potential of Bitcoin positions it as an ideal asset for pension funds globally. These institutions collectively manage a significant portion, up to 20%, of the world's wealth.

• Deglobalization. In an era characterized by the fragmentation of the post-World War II global order, we are observing clear indicators of deglobalization. As we navigate the initial phases of this evolving global landscape, capital mobility is anticipated to encounter increased restrictions and complexities. Bitcoin, in this context, assumes a distinctive role as an asset beyond the control or sanction of any single entity.

• Debasement. The debasement of fiat currencies is an inevitable consequence of global M2 growth, which further exacerbates inflationary pressures. In an economic environment where GDP growth lags begind the growth of M2 money supply, the value of Bitcoin, with its finite supply, is projected to appreciate significantly when denominated in fiat currency.

• Social inequality and socialism. The increasing prevalence of AI and robotics is projected to contribute to a rise in social inequality over the medium term, potentially fostering an environment conducive to the growth of socialist ideologies. This shift could lead to a broader electorate favoring socialist policies, thereby moving the political landscape towards the left. In response, HNW individuals may seek to acquire assets that are resistant to nationalization, appropriation, or seizure, with Bitcoin being a notable example of such an asset.

• Bonus: Aliens? Should the existence of an Aliens be confirmed, a reevaluation of physical commodity prices would be necessitated. This scenario could introduce volatility into the gold market while simultaneously enhancing the appeal of Bitcoin as a "digital gold."