My long term investment case for bitcoin
There are short-term factors like the new U.S. ETFs and the upcoming Bitcoin halving. But the longer-term case rests on larger macro factors, says Torbjørn Bull Jenssen.
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I believe that bitcoin will appreciate in the coming years as I expect that the demand for bitcoin will increase due to two main reasons: 1. Bitcoin becoming a global reserve currency; a borderless and neutral alternative to national currencies2. The U.S. dollar falling in value as the U.S. debt overhang is too high for the debt to ever be repaid, without letting inflation eat away the real value first, and investors will allocate to bitcoin as a liquid non-inflationary asset