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Market analyst and podcaster Preston Pysh says the anonymous Bitcoin (BTC) creator Satoshi Nakamoto built a nearly priceless marketing feature straight into the top cryptocurrency.
In a new interview on the ‘What Bitcoin Did Podcast’, Pysh says Nakamoto’s coding and economic genius is centered on BTC’s limited supply of 21 million coins and the fact that each BTC can be divided into 100,000,000 smaller units known as satoshis.
“I think that you’re definitely dealing with some sort of savant but on a level that it’s not just in one field of study. It’s pretty much in like all fields of study. Which makes you kind of think, ‘Well then they’re had to have been more than one person because no one person could possibly have this much foresight and this much expertise in this many areas.’
Even from a branding and marketing standpoint, the fact that Satoshi only made it 21 million coins but had 10 to the negative 8th units to the right of the decimal… you could argue it’s a $500 billion to $1 trillion marketing strategy, with the amount of buzz that it creates when the price goes
over $200,000, and it goes over $100,000. Can you imagine if you were going to put a price tag on the marketing that that’s going to create?”
Pysh thinks the countries struggling the hardest will be the first to see the value of Bitcoin. Conversely, he says the US will likely be the last country to fully embrace BTC due to the omnipresence of the dollar. Overall, the analyst believes Bitcoin’s price is about to take off.
“I could picture [in] 2021, Time Magazine’s story of the year is one thing, and it’s Bitcoin.”
Pysh also thinks gold is going to perform well relative to the stock, bond and commodity markets, but relative to Bitcoin, he says it’ll be “a travesty.”
“If Bitcoin didn’t exist, I would be probably one of the biggest gold bugs in the world right now, and I would own gold miners. I’d own all that stuff. But Bitcoin does exist, and where I think gold is going to run into a problem is it’s so slow to transact…
Throughout history, when you go through a currency crisis, it’s all about how fast can you get into whatever the new currency is.”
In other trending Bitcoin News today:
Bitcoin (BTC) Fair Market Value Is $18,000, Says Crypto Analyst PlanB – Here’s Why
A crypto analyst known as the first to apply the stock-to-flow (S2F) ratio to Bitcoin says BTC is significantly undervalued, based on its strong correlation with the market capitalization of the S&P 500.
According to the widely-followed quantitative analyst, the Federal Reserve’s push to print trillions of dollars in the form of quantitative easing will send both America’s bellwether index and the king coin to greater heights.
“Short story on Bitcoin:
Stock market correlation. S&P500 did 2.6x ($1200 – $3100), BTC 1900x ($5 – $9500). Bitcoin looks like a high beta stock. Trillions and trillions of central bank QE money, that boost stock markets around the world, seem to be dripping down to bitcoin!”
“In case [you’re wondering]… yes, the S&P 500 and BTC are cointegrated.”
After mapping out the correlation between the two assets, the quantitative analyst busts out an equation that he says highlights why he says BTC is significantly undervalued, with a current fair market value of $18,000.
Based on this equation, the crypto strategist says he believes the S&P 500 will trade around 4,300 when Bitcoin hits the S2F target of $288,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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