INSIDER REVEALS How Bitcoin Hits $500,000 By 2030 - Here's the math!!! | EP 1598

Nico Moran (0:02)

Now that Bitcoin has rallied from $57,000 to $87,000, and the bottom seems to be in, everyone is now starting to wonder how high will Bitcoin go in this coming bull run? Well, today, we're gonna give a lot of big picture views that I wanna explore. But first, I want to listen to Michael Saylor's biggest competitor, Matt Cole from Strive, who holds over 26,000 coins for his exact thesis and math for why he believes half a million dollar per Bitcoin is coming a lot sooner than we probably all imagine. So let me play this clip. It was on the Charles Schwab network. I believe it was Monday.

And I've been thinking about using this because, like, we're back in bull run, bull market territory. So you already know, the bull posting commences, all right? So this might be one of the more bullish takes I've heard in a while. And I've actually, I really love Matt Cole's kind of takes on everything going on. So it's about a two minute clip. We'll watch it. I'll unpack it. And then we're going to get stupidly bullish on a Wednesday here.

SPEAKER_2 (1:11)

Just talk to us about what's going on with prices. I mean, is the crypto winter over?

Matt Cole (1:18)

Yeah, when it comes to Bitcoin, I think it's definitely the end of the winter. But as we know, after winter comes spring.

And I think that's accurately where we are in the markets, where you're starting to see the sunshine. I do think that it is overwhelmingly likely that the bottom for Bitcoin is in. But make no mistake about it, we're not at all-time highs yet. And so I think it will still be a little bit choppy as we move to new all-time highs and beyond. But I think over the course of the next few years, I think it's never been more exciting times for Bitcoin. We believe by 2030, we're going to see Bitcoin in the realm of $400,000 to $500,000 plus, which would represent approximately a 50% return on average over the next three years. And so we're very excited about where Bitcoin goes from here.

SPEAKER_2 (2:05)

Yeah, I'm glad you said that because I was struggling to do the math on that. Actually, that's just me personally, because I did see you had the 50% CAGA call there with respect to your base case. So what would change that thesis then, Matt?

Matt Cole (2:21)

Yeah, it's hard to see what would change our base case to not be in the 30% to 70% range for the next three years. And it's driven primarily by expectations for a weaker dollar over that time.

And the weaker dollar call is actually driven by the debt levels of the United States. And so the United States has two decisions right now, the Fed and the Treasury. They can either, over the course of the next three years, let long-term interest rates rise substantially more from here, or you can see what Scott Bascent has been signaling that he's going to do, which is to start to support more and more long-term rates. So right now, he is buying back about $6 billion of treasuries per new issue in the auction markets and has the full, what they call, the TGA behind him, which is almost a trillion dollars. And so this would not be QE, but my expectation, because he said, I am the house, and so when the treasury, the head of the treasury says, I'm the house, I tend to believe that he will be. And so I think that he will ultimately constrain long-end rates from moving higher. And if he does that, the release value will be the dollar. And the dollar has been one of the most consistent predictors of Bitcoin bull markets. And so we think the dollar is going to go substantially lower from here. And scarce assets, so primarily Bitcoin, things like gold, silver will do really well. It could filter into other cryptos, but our view is that Bitcoin is digital gold, and that's our strict focus.

Nico Moran (3:47)

All right, guys. So first things first. I know I've been saying, actually, Nico and I were saying it yesterday. I think I said it on Monday, or maybe last week at some point, that I was kind of thinking like my 400K prediction, that's kind of like my gut feeling. I was kind of thinking that I was being sort of conservative, because as you guys know, I was calling for 150, 200K last cycle. I obviously got that wrong. I'm a bull-tard, what can you say? But what's interesting about this, first of all, it's like the suits are out here now, calling for 400 to 500K predictions in 2030, which, you know what, where it's almost, you know, technically four years, but really it's about three years away. It's not that long of a time to really predict out and be like, okay, we're at what, 85K this morning, 400K, 500K prediction.