The bull case for crypto has been clearly stated by @RaoulGMI. It's part of an argument for a return to hard assets that @ParrillaDiego articulated yesterday on Real Vision.

Note: Diego is not yet a BTC believer. But let me parrot back the argument. NOT FINANCIAL ADVICE

First, we have to start with the Fed and the central banks, who, since 2008, have been starting on a policy of "fight all problems with cheap money".

This was originally intended to be a "temporary" move to 0 interest rates.

It then moved into QE1. Size 500Billion.

From there we get QE2. Bigger, better. Now with COVID. QE Infinity.

In EuroZone, in order to devalue the Euro, ECB forced rates negative. It's a war on cash.

But now, deficits have tripled, Fed balance sheet is 7 Trilllion, and there is no going back to 5% interest rates.

So what is going to be the consequence. Two things. Dollar down and Inflation.

We are headed, deliberately into a high inflation world. The Fed thinks this is good.

Gold is in a perfect storm. Deflationary pressures (tech, lack of demand don't matter). It's 100% monetary

The next decade will be a high inflation decade. Like the 70s. It seems hard to imagine, like 70s inflation seemed hard to imagine in the 60s. But its going to happen.

Money will drive up gold, commodities, real estate, and possibly equities in dollar terms

Now, lets look at crypto. Bitcoin has a fixed supply. It will go parabolic. And on top of this, there will be a slew of new taxes on equities, esp if biden wins. This could be bad for Fang.

There could be capital controls.

Gold, Silver, Copper, Real Estate. Bitcoin.

Now if Bitcoin grows, the rest of the crypto ecosystem is not far behind. ETH has out performed BTC. Bitcoin does not do smart contracts, integration with banking protocols, consumer, etc..

There is so much room in crypto. It's 1995, and people think "Netscape" or "AOL" are it.