Note that not everyone has faith in cryptocurrencies. For example, the day before, the head of the Bank for International Settlements Agustin Carstens said that Bitcoin has already allegedly lost the battle with traditional money. According to him, cryptocurrencies lack credibility – but that supposedly can’t be said about fiat. Read more about the story in a separate piece.

What will happen to Bitcoin in the future

According to Myers, Bitcoin’s fundamental properties allow the cryptocurrency to “suck” capital out of other asset classes. Here’s one of the analyst’s quotes on the matter, in which he shares his view of what’s happening.

Bitcoin has an incredible property: it becomes more valuable over time. If gold is good at retaining purchasing power, then Bitcoin can accumulate it. The value stored in Bitcoin becomes higher over time because of the cryptocurrency’s increasing rarity – it just needs to “outlive” BTC’s high volatility along the way.


Note that the cryptocurrency is not technically becoming rarer, as its maximum supply is fixed at 21 million coins. Yes, the issuance rate due to so-called halving is halved approximately every four years, but the number of coins in circulation is not decreasing. Consequently, only new bitcoins are becoming rarer, while old coins are not going anywhere. Most importantly: almost 92 percent of all possible BTCs are already in circulation today, so the remaining coins are unlikely to make the cryptocurrency rare.

That said, Myers' assertion is true for cryptocurrencies with combustion support. Their supply can decrease over time, so such assets do become rarer. But this does not apply to BTC.


Bitcoin’s capitalisation currently reaches the $400 billion mark. Myers estimates that this is about 0.05 percent, or 1/2000th of the value of all assets in the world. The figures obtained are far from the limit for BTC and the crypto-industry as a whole, the expert believes.

With that in mind, we have to ask ourselves an important question: when Bitcoin’s fundamental properties continue to work, resulting in reliable growth in its value every four years, will more than 0.05 per cent of the world’s capital end up being invested in such an asset? I think the only logical conclusion is yes.

The important thing to consider here is that every year there are more and more cryptocurrencies in the world, many of which outperform Bitcoin on fundamental features. For example, the well-known Solana blockchain can handle thousands of transactions per second, and in addition, transfers in its case are many times cheaper than a whole cent. Therefore, it would be logical to assume that investments in crypto would not be limited to Bitcoin alone, and investors would be interested in other projects as well. Consequently, even if a huge amount of money is invested in crypto, it will be spread across different digital assets.

According to Cointelegraph’s sources, the analyst has not given any clear deadlines for his prediction. His post only has the vague wording of “spilling over” 25 per cent of the world’s asset value into Bitcoin “in the coming decades”. If you extrapolate the cryptocurrency’s current capitalisation to these figures, you get just the target of $10 million per BTC.

Can we call such a prediction plausible? Probably not. The last bull run ended with BTC taking the level of $69 thousand, which exceeds the maximum from the previous growth stage in December 2017 at 20 thousand by 3.45 times. And this is a significantly lower growth rate than it was between the two previous bullruns. In addition, as the experience of 2022 shows, with the global financial crisis, Bitcoin’s price is also falling, which means another global upheaval could make adjustments to Myers’ forecast.

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Be that as it may, acceptance of the major cryptocurrency continues to grow globally – and that’s a fact. Germany’s second largest bank by assets under management, DZ Bank is planning to integrate digital assets into its system to provide services to customers in partnership with developer Metaco’s Harmonize platform.

DZ Bank has selected Metaco’s Harmonize custody platform to offer digital currencies to its institutional clients, i.e. professional investors. One of the bank’s executives, Nils Christopeit, said that the partnership meets their requirements in terms of security and scalability. Here is the relevant quote.

With this technology, we hope to create a long-term and fast-growing business partnership, as well as an attractive solution for our clients, which can meet the requirements of digital currencies and decentralised financial instruments.

Many banks around the world have partnered with various platforms to provide services with digital assets before. In this context, the news is not in itself revolutionary, but it is further proof that embracing innovation is the best strategy towards the crypto market.


We believe that investing in cryptocurrencies for such unrealistic and disconnected levels is not worthwhile. And while Bitcoin and other popular coins do have great fundamentals that differentiate them from conventional fiat money, that alone is not enough to magically increase rates by hundreds of times. People want simpler and more convenient options for using digital assets, and BTC developers are not particularly keen on that. So capital owners should set more adequate price levels before investing.