Research Analyst @River Author of https://xitter.cf/t.co/eNXbmiOdxw Previously Markets and Mining @galaxydigitalhq , @Citi Digital Assets
Joined September 2020
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Jason is the Peter Schiff of tech
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
Sam Baker retweeted
Bitcoin is the only major asset class primarily held by individuals.
Bonds, stocks, and gold have existed for centuries. So naturally they are more institutionalized.
As bitcoin matures, we expect ownership to shift towards institutions. Its ownership distribution will look more similar to gold.
This is not necessarily a good or bad thing. It is simply the inevitable consequence of global adoption.
Sam Baker retweeted
1 million more bitcoin.
That's how much businesses are on track to buy within five years.
Our new report shows the biggest trends shaping business bitcoin adoption in 2026.
A simple proxy for success is Bitcoin's security budget rising in real terms over time.
10 years is 3 halvings away.
So bitcoin's price must be at least 8 times higher (after adjusting for inflation) to maintain the same security budget, assuming tx fees stay near zero.
This is what makes me so bullish right now.
Price isn't moving because there are a ton of buyers.
It's moving because no one is selling.
Now imagine what happens when we see real volume.
Sam Baker retweeted
Looking for in-depth research on all things bitcoin?
Ours is completely free.
You can easily find all our work at River.com/research
Sam Baker retweeted
LIVE: BFM284 w/ @river’s @macromule⚡️
We discuss how Bitcoin gets to $840K in the next 5 years.
🔸The death of 60/40
🔸Stocks failing in high inflation
🔸The case for 10% Bitcoin
🔸(Extremely early) institutional adoption
🔸Bitcoin price multipliers
🔸Bitcoin hodl time horizons
Sam Baker retweeted
Bitcoin Could Reach $840,000 Within Five Years | @macromule
Timestamps:
00:00 Introduction
00:41 The case for $840,000 Bitcoin
06:55 Which investors are adopting Bitcoin?
09:22 $1 of buying can add more than $1 to market cap
14:00 The case for a 10% Bitcoin allocation
20:43 What is Bitcoin?
23:04 How much Bitcoin is too much?
25:25 What new Bitcoin investors should know
26:28 Exchange custody vs. self-custody
29:02 What would confirm the $840,000 thesis?
30:42 The CLARITY Act
32:09 Would $840,000 Bitcoin still be early?
36:05 How AI could accelerate Bitcoin adoption
38:27 Businesses are driving Bitcoin demand
41:09 Closing thoughts
