Willy Woo: Bitcoin Is 'Perfect Asset for the next 1000 years

[_act_]

What do you think about this?

He caution about the risk of ETFs and custodial platforms that government can use to control the market.

What do you also think about that?

I do not think ETFs or the centralized platforms are problem but I also think bitcoin is a perfect asset but more than a thousand years and for ever just like gold.

[Wiwo]

Fact is bitcoin adoption by state comes with regulations, which means a lose of privacy and freedom for bitcoin holder's due to centralized presence, well there is no way state will adopt bitcoin without regulations.

ETF is a market and only the investors benefit from bitcoin and not the bitcoin ecosystem itself as far as their have no development that aids bitcoin scalability from their part  but rather feul centralization.

Best thing for bitcoin in all of the shit is, it profe of work (POW) this makebthe network decentralized unlike if bitcoin were to be prove of stake network where whales with the highest liquidity provision could control the next block to be mined in the blockchain which give it up for centralization and government possible control of the network.

[nemesis_incarnate]

The problem will come when the agenda for CEX services will become (if it ever will) more mainstream when the one that goes for your custody being in your hands: because people do love when others think for them, and that would never change..

[Swordsoffreedom]

He caution about the risk of ETFs and custodial platforms that government can use to control the market.

We don't need his warning and any of us can see that, it's no secret. Before and after the bitcoin ETF was approved, many forum members issued similar warnings. But the problem is there is nothing we can do to intervene or change that and if we can't change, adaptation is the only option we have.

Willy Woo is a well-known Bitcoin investor and analyst and it is no surprise that he is bullish on bitcoin in the next 1000 years. However, like us, he doesn't have a crystal ball and can't live to see that time, so that statement means nothing to me.

[fullfitlarry]

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

[FortuneFollower]

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

Those people change their opinions like mini-gloves.

We should get used to it already

[headingnorth]

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

Woo is an early adopter buying bitcoin since 2013. He has likely been buying and selling his bitcoin bit by bit along the way
to lock in some very big profits. He has been holding for a long time so it is not surprising to hear most of it has been sold by now.

It is pretty rare for most people to hold for such a long time without selling anything, especially during the earlier days and cycles
of bitcoin when the volatility was so extreme. That is not an easy thing to do.

[Ojima-ojo]

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

What that means is that this thread title is wrong, he meant 1000x Bitcoin price instead thread own 1000 years because no one will among us will be on this earth by that time unless we all upgraded to immortal.


Hehe that being sarcastic, between everyone have the right to speculate Bitcoin future price and as a matter of fact those early buyers are well grounded in the knowledge of the market by now.

[hero_the_bossman]

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

What that means is that this thread title is wrong, he meant 1000x Bitcoin price instead thread own 1000 years because no one will among us will be on this earth by that time unless we all upgraded to immortal.


Hehe that being sarcastic, between everyone have the right to speculate Bitcoin future price and as a matter of fact those early buyers are well grounded in the knowledge of the market by now.

Speculation are bread and butter of the news and people themselves, because it's what drives discussions

[SilverCryptoBullet]

None of us can live till next 1000 years and I don't mind about his saying. Even 2140 is a too far future with me and I even don't think of too far future like this.

Logically Bitcoin will become stronger with time with an example of gold as benefit of Lindy effects. Bitcoin will experience same Lindy effect but even at more impactful level over time.

Predict future is hard but I believe that the growth of Bitcoin is irreversible so its bullish future will continue and I would like to witness it next 12, 14, 18 years.

Bitcoin growth curve is more exponential than gold and Lindy effects will fuel its growth more.

[Porfirii]

Unless you prefer custodial because you plan to sell your coins soon and it will help you justify the origin of the funds and calculate the financial gain, ETFs and deposits they miss out on one of the most fundamental and valuable features of Bitcoin: the freedom and the ability to be your own bank impossible for other assets like bonds or shares.

I'm not sure about the 1000 years though. I'm afraid that in that time there won't be an Internet like we know it nowadays, and I don't just have doubts about Botcoin's ability to adapt to the new technologies, but the more philosophical one about our ability to adapt ourselves to them.

[melinoe]

None of us can live till next 1000 years and I don't mind about his saying. Even 2140 is a too far future with me and I even don't think of too far future like this.

Logically Bitcoin will become stronger with time with an example of gold as benefit of Lindy effects. Bitcoin will experience same Lindy effect but even at more impactful level over time.

Predict future is hard but I believe that the growth of Bitcoin is irreversible so its bullish future will continue and I would like to witness it next 12, 14, 18 years.

Bitcoin growth curve is more exponential than gold and Lindy effects will fuel its growth more.

We don't need to look at the times we won't be there anymore to see them in real effect.

We need to think about now, next decade, but not so far, imo.

[_act_]

We don't need to look at the times we won't be there anymore to see them in real effect.

We need to think about now, next decade, but not so far, imo.

This generations that are adults that know about bitcoin early and even now will likely benefit from bitcoin than generations to come after some decades or few decades away. Bitcoin is still having a very low marketcap and which is still an opportunity. It may still do 10x in the next 15 years. What that may not happen in decades to come. Do not get me wrong, bitcoin will still remain an asset of value in long term but the ROI may not be much if compared to now.

[Aanuoluwatofunmi]

What do you think about this?

He caution about the risk of ETFs and custodial platforms that government can use to control the market.

What do you also think about that?

I do not think ETFs or the centralized platforms are problem but I also think bitcoin is a perfect asset but more than a thousand years and for ever just like gold.

All these can only shows a significant impact on the market performance over a short period of time, there is more to this than what we are seeing, they cant influence and parade on what the bitcoin market in the present and future should be, the network is already secured and they are the ones that really depends on us and not the bitcoin market depending on them, bitcoin will always remained relevant for decades as long as its adoption increases and its network remained consistent as always being trusted.

[Spinning99]

Fact is bitcoin adoption by state comes with regulations, which means a lose of privacy and freedom for bitcoin holder's due to centralized presence, well there is no way state will adopt bitcoin without regulations.

How? The state adopting Bitcoin and making regulations has had no impact on me. Neither is my spending limited, nor do they know where my coins are. Where is this negative impact of which you speak?

The same Willy Woo who said that he sold his BTC?

“I’ve sold most of my Bitcoin now,”

https://cointelegraph.com/magazine/bitcoin-og-willy-woo-btc-treasury-price-prediction-cointelegraph/

He's not relevant, but it does not mean that he is wrong. A lot of people sold Bitcoin for some shitcoin that was supposed to be the next big thing and it never materialized. Even if people are often wrong, sometimes they can be right.

[Wiwo]

Fact is bitcoin adoption by state comes with regulations, which means a lose of privacy and freedom for bitcoin holder's due to centralized presence, well there is no way state will adopt bitcoin without regulations.

How? The state adopting Bitcoin and making regulations has had no impact on me. Neither is my spending limited, nor do they know where my coins are. Where is this negative impact of which you speak?

Go back and read my comment again; i didn't say state adoption will automatically mean a negative impact, because at some point we need those state actors and regulations to frame the operational policies for cryptocurrency adoption.

Whaz i was pointing to is a bit different from what you understand in all of this, what i meant was the regulations and ushering in of more control of government over cryptocurrency assets unlike the free market that we have right now.

[BIT-BENDER]

What do you think about this?

He caution about the risk of ETFs and custodial platforms that government can use to control the market.

What do you also think about that?

I do not think ETFs or the centralized platforms are problem but I also think bitcoin is a perfect asset but more than a thousand years and for ever just like gold.

Some people call Bitcoin the digital gold and they are right. The way Bitcoin rose in the ranking of top asset by market cap is a prove that Bitcoin is not stopping for any reason.
Their will definitely be that problem of centralisation but it did not just start now I still think Bitcoin will maintain its decentralised nature and last for a very long time.

[xzone]

Unless you prefer custodial because you plan to sell your coins soon and it will help you justify the origin of the funds and calculate the financial gain, ETFs and deposits they miss out on one of the most fundamental and valuable features of Bitcoin: the freedom and the ability to be your own bank impossible for other assets like bonds or shares.

I'm not sure about the 1000 years though. I'm afraid that in that time there won't be an Internet like we know it nowadays, and I don't just have doubts about Botcoin's ability to adapt to the new technologies, but the more philosophical one about our ability to adapt ourselves to them.

No currency can last that long. Yes, gold has existed in the world for thousands of years and has always been one of the most valuable commodities, but considering current global conditions, I don't think bitcoin will perform similarly.

I'm confident that bitcoin will continue to grow for many years to come; we know it's changing the world and the financial system. But will there still be a planet called earth 50 years from now? I'm not sure. We're nearing the end of the world, and I don't think we'll be around for many years to come

[Spinning99]

Fact is bitcoin adoption by state comes with regulations, which means a lose of privacy and freedom for bitcoin holder's due to centralized presence, well there is no way state will adopt bitcoin without regulations.

How? The state adopting Bitcoin and making regulations has had no impact on me. Neither is my spending limited, nor do they know where my coins are. Where is this negative impact of which you speak?

Go back and read my comment again; i didn't say state adoption will automatically mean a negative impact, because at some point we need those state actors and regulations to frame the operational policies for cryptocurrency adoption.

Whaz i was pointing to is a bit different from what you understand in all of this, what i meant was the regulations and ushering in of more control of government over cryptocurrency assets unlike the free market that we have right now.

You are still not explaining how I will lose my privacy and freedom, you just wrote again the same thing using different words. No government regulation can make me lose my freedom in regards to this, Bitcoin would not be Bitcoin if it didn't guarantee freedom through its existence.

I'm confident that bitcoin will continue to grow for many years to come; we know it's changing the world and the financial system. But will there still be a planet called earth 50 years from now? I'm not sure. We're nearing the end of the world, and I don't think we'll be around for many years to come

You are in the wrong forum. You should go to a flat earth or religious nut jobs forum instead.

[lionheart78]

I'm not sure about the 1000 years though. I'm afraid that in that time there won't be an Internet like we know it nowadays, and I don't just have doubts about Botcoin's ability to adapt to the new technologies, but the more philosophical one about our ability to adapt ourselves to them.

It was misquoted by @OP Willy Woo stated about the 1000x potential of Bitcoin not 1000 years.

Upon reading the article, I agree to what Willy Woo stated when he say that "it is more profitable to sell a shovel than dig for gold himself." Thus I agree that creating infrastructure around Bitcoin will give far more profit than buying Bitcoin itself.  He has a good insight, selling most of his Bitcoin to create Bitcoin infrastructure taking advantage of the Bitcoin popularity and at the same time helping in the propagation of Bitcoin adoption. When the market crashes his infrastructure can still offer services, earn profit.  His infrastructure will continue to offer services and rake in profit no matter what the condition of the market is.  It is really a brilliant move, IMO.