Bitcoin is the ‘perfect asset’ for the next 1,000 years: Willy Woo

Key Points

1. Bitcoin's market cap is currently $2.42 trillion, less than 11% of gold's $23 trillion market cap, and the US dollar money supply is $21.9 trillion.

2. Bitcoin treasury firms are accelerating adoption, but there are concerns about undisclosed debt structures and potential market bubbles.

3. Reliance on institutional solutions like Coinbase Custody by pension funds and ETFs raises risks of nation-state meddling in Bitcoin.

4. Self-custody of Bitcoin is expected to spread progressively from custodians to businesses and eventually to individuals.

5. Companies are seen as the most logical place for Bitcoin adoption, with future returns used as a benchmark for investment decisions.