A prediction suggests that by 2040, individuals will no longer directly own Bitcoin but will instead hold shares in companies that hold Bitcoin, with a transitional period where owning these shares may be more profitable than holding Bitcoin directly; this shift is driven by two strategies: making Bitcoin treasury companies outperform Bitcoin itself and establishing attractive Bitcoin-backed loans that could lead individuals to surrender their Bitcoin for loans they may never repay.
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Deep Dive
No one will have any Bitcoin by 2040!Added:
There's a dinosaur with bunny ears out here saying that nobody's going to own Bitcoin by 2040. That includes you, Mr. No, I'm never selling mine. I've got mine in cold storage. You're never going to get my No, no, no. That includes you.
He says, "By 2040, no individual will own Bitcoin. Individuals will own shares and companies that hold Bitcoin, but not Bitcoin itself." He goes on to say, "There will be a period, a very long one, when owning shares in companies that hold Bitcoin will be far more profitable than holding Bitcoin itself.
During that time, holding Bitcoin may seem irrational." Harley Quinn says, "Well, they won't get mine." To which the dinosaur responds, "The plan to take your Bitcoin has two parts. First, making Bitcoin treasury companies outperform Bitcoin at some point.
Second, establishing Bitcoin-backed loans with attractive terms. If you don't fall for these two benefits, you'll be among the few who remain safe." That second one is going to be really really dangerous for a lot of people.
They'll see some attractive loan and they'll go, "Oh, man, I can get a thousand dollars, ten thousand dollars, fifty thousand dollars, whatever the case is, and I only have to pay this amount back? Boy, if I just loan out this much Bitcoin, I just pay that back over That's not that much.
Why not? And a lot of those people will give up their Bitcoin and never never get it back.
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