Bitcoin nearing $100K - A Historic Milestone for Freedom, Liberty, and Societal Renaissance

As Bitcoin nears the $100,000 USD mark per coin, we stand at the precipice of a transformative moment in world, industrial, social and financial history. This milestone is more than just a numerical achievement; it symbolises the growing recognition of Bitcoin as a store of value, a real shining beacon of financial freedom, and a harbinger of societal renaissance.

"Everyone is against Bitcoin until they are for it" - Michael Saylor

Thus, from reshaping individual wealth to decentralising power structures, Bitcoin’s journey to $100,000 is truly remarkable and rewriting the rules of the global economy.

The Remarkable Growth of Bitcoin

Bitcoin’s growth trajectory over the past decade has been nothing short of phenomenal. Once dismissed as a speculative novelty, a coin of thieves, Bitcoin has stolen the limelight in maturing into a trillion-dollar "hero" asset class with profound implications for global affairs and finance.

Bitcoin Growth Metrics

Year	Price (USD)	Market Capitalisation (USD)s	Share of Global Wealth (%)
2013	$130	$1.6 billion	<0.01%
2017	$19,783	$329 billion	0.07%
2021	$68,789	$1.3 trillion	0.3%
2024 (Nov)	$99,850	$1.9 trillion	0.5%

The exponential growth in Bitcoin's price and market cap underscores its increasing adoption as a store of value. Notably, Bitcoin now accounts for 0.5% of global wealth—a figure expected to rise as institutional adoption accelerates.

Chart: Bitcoin Price vs. Market Cap Growth

Bitcoin's price and market capitalisation growth over the last decade. It illustrates Bitcoin's remarkable journey from modest beginnings to a near $100K valuation, with a corresponding surge in market capitalisation, highlighting its increasing adoption and economic

Bitcoin - A Prophetic Asset

Bitcoin maximalists have long foreseen its potential to revolutionise the financial world. Michael Saylor, Chairman of MicroStrategy, famously stated:

"Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy."

Their vision is now materialising, as Bitcoin challenges traditional monetary systems and central banks.

Indeed, as gold continues to be de-monitised worldwide and Bitcoin overtaking silver as a lead global asset, Bitcoin Exchange-Traded Funds (ETFs) have experienced remarkable growth, particularly following the approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) in January 2024. This development has significantly increased institutional and retail investor participation in the cryptocurrency market.

Example Growth Statistics:

• As of November 2024, Bitcoin ETFs have amassed over $104 billion in net assets, surpassing initial projections and highlighting the escalating investor interest in cryptocurrency-based financial products - EconoTimes

  
  

•  This ETF has set records by reaching $40 billion in assets within just 211 days of its launch, marking it as the fastest-growing ETF in history. The Currency Analytics

  
  

• BlackRock's IBIT has become the largest Bitcoin fund globally, surpassing traditional gold ETFs in assets under management

  
  

• Approximately 50% of the assets in Bitcoin ETFs are held by institutional investors, including hedge funds and asset management firms, indicating a significant shift towards mainstream adoption.

The Case for a Bitcoin-Backed Reserve

Extending this, Rare Crypto argue that the probability of Bitcoin becoming a reserve asset for the United States and other nations is no longer theoretical. In a world of increasing de-dollarisation, the integration of Bitcoin as de-centralised global standard, offers a neutral, immutable store of value that transcends geopolitical tensions and control systems. Smaller nations, such as New Zealand, must act swiftly to integrate Bitcoin into their financial systems or risk being left behind in the exponential age.

• Benefits for Small Nations:

  • Hedge against fiat currency devaluation.

  • Attract global investments as crypto-friendly hubs.

  • Foster innovation and technological growth.

Bitcoin, AI, and the Exponential Age

The synergy between Bitcoin and AI heralds the end of traditional monetary affairs. Both technologies are products of the exponential age, where rapid advancements disrupt entrenched systems. Bitcoin provides the economic layer of decentralisation that supports the idea of globalisation in a de-globalising world, without the control systems, while AI amplifies people's unplugging from the matrix, their personal self-custody, their freedom, decision-making, efficiency, and innovation.

Table: Bitcoin vs. Traditional Monetary Systems

Attribute	Bitcoin	Traditional Systems
Decentralisation	Yes	No
Inflation Resistance	High (fixed supply: 21 million)	Low (unlimited fiat printing)
Transparency	Full (blockchain)	Limited
Accessibility	Global, permissionless	Geographically constrained

Thus, and together, Bitcoin and AI truly empower individuals to escape the confines of inflationary monetary systems, enabling greater financial autonomy.

Store of Value vs. Currency

Bitcoin’s role as a store of value differentiates it from its use as a currency. Gold, often referred to as digital gold, has a similar function—preserving wealth across generations. While Bitcoin’s volatility currently limits its use as a transactional currency, it excels as a store of value, particularly in inflationary environments. This may change as the FIAT system continues to debase and be led to debase in promotion of CDBC's that are DOA.

"Bitcoin is probably the most portable money in the history of the world" - Max Kieser

Rare Predictions for the Future

Societal Transformation

As Bitcoin achieves mainstream adoption, it has the potential to decentralise wealth and power structures. This helps business, individuals and societies reduce "reliance" on inflationary fiat systems. This fosters a real and powerful culture of individual responsibility and financial literacy.

Individual Wealth and Freedom

Fundamentally, Bitcoin empowers individuals to secure their wealth without intermediaries. Societies, businesses and individual's are able to access a global financial network, unrestricted by borders. As such, Bitcoin is a ticket for those interested in participating in the exponential age of innovation and growth.

Chart: Bitcoin’s Projected Market Cap vs. Global GDP (2030)

Bitcoin's rise to $100,000 marks a turning point in history. Indeed, as of November 2024, Bitcoin's market capitalisation stands at approximately $1.9 trillion (USD), accounting for about 0.5% of global wealth. Projections for 2030 suggest that Bitcoin's market cap will likely reach between $5 trillion and $10 trillion, depending on adoption rates and market dynamics. In comparison, global GDP is expected to be around $150 trillion by 2030. That offers profound impacts for the price and wealth of holders.

The following data illustrates the projected market capitalisation of Bitcoin relative to the global GDP in 2030:

Asset	Projected Value in 2030 (USD Trillions)
Global GDP	150
Bitcoin Market Cap	5 - 10

Even this basic comparison highlights that, even with significant growth, Bitcoin's market capitalisation would constitute a relatively small fraction of the global economy by 2030 (showing broader potential), but as a beacon of liberty, it offers a pathway to a more equitable and decentralised future for the increasing scale of those involved. For individuals and nations alike, embracing Bitcoin is no longer optional—it is a necessity for participating in and thriving in the exponential age.

As the renowned Bitcoin advocate Andreas Antonopoulos aptly summarised -

"Bitcoin is not just a currency; it’s the internet of money."