Bitcoin: The 22nd Century Asset

9 Reasons Why I am Bullish Now and Far Into the Future…I previously discussed past market cycles from a strictly numbers point of view. Now I am going to tell you the reasons I am bullish on fundamentals that go far into the future:1. SupplyOnly 21 Million Bitcoin will ever be mined — “halving” every 4 years. This is slow, predictable, pre-programmed, and limited inflation. Compare it to the US Dollar, Euro, and all other hyper-inflatable central bank currencies. They are printed at whim, printed faster now than ever before, and not according to any pre-programmed plan, constraining laws, or anything. And more is being printed any day now — to the tune of $1.9 Trillion USD. Compared to these central bank currencies, Bitcoin’s slow increase in supply is actually a decrease in supply. In other words, if demand stays the same, its value will increase over time. “Traditional” money only inflates over time.2. DemandThe price of Bitcoin markedly increases as demand increases since one cannot simply print or generate more like a central bank does with national currencies.This goes in cycles, paralleling the long-term price fluctuations. What originally started as an idea supported by cryptographers, computer geeks, libertarians, and anarchists, has grown in popularity over time. In 2017, we saw the first large-scale wave of tens of millions of retail investors wanting to get some, resulting in the hysteria of the bull market of 2017 and early 2018, resulting in a long-term bear market that lasted several years. Bubbles driven by retail hysteria have come and gone over the centuries, going high and crashing low. From Dutch tulip mania in 1636–1637 (where people mortgaged their houses to buy tulips) to the dot com crash of 2001 (where companies changed their names to “.com” and their stock prices skyrocketed when…