My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Bitcoin will continue to appreciate because its success is self-reinforcing - the more successful it gets, the more successful it becomes
The Reasoning
Network effects and social proof drive adoption, creating virtuous cycle of increasing value and legitimacy
What Needs to Be True
- Continued institutional acceptance
- Regulatory clarity rather than prohibition
- Store of value narrative maintains credibility
- No major technical failures or security breaches
Counterargument
Bitcoin has limited utility beyond speculation and could lose value to more functional cryptocurrencies or regulatory crackdown
What Would Change This View
Major governments banning Bitcoin, better store of value alternatives emerging, or technical failures undermining trust
Implications for Builders
Bitcoin infrastructure and services will continue growing
Traditional finance will further integrate Bitcoin
Regulatory compliance becomes increasingly important
Focus on store of value rather than payments use case
Example Application
“Major corporations adding Bitcoin to treasury reserves creates precedent for others, driving further adoption and price increases”