Coinshares chief strategy officer (CSO) Meltem Demirors believes Bitcoin is on a mission to ‘eat the entire world’ calling it a ‘once in a generation opportunity.’
Athena Capital founder Meltem Demirors also warned Americans not to be too distracted by the mainstream ‘circus’, and instead focus on Bitcoin.
‘Bitcoin is a once in a generation opportunity for the US Flag of United States. And we will miss, yet again, because we are too busy with bread and circuses. Bitcoin is going to eat banks. Then markets. Then corporations. And then the entire world.’
Come Dine With Bitcoin
Meltem Demirors believes Bitcoin is going to eat the world and pointed towards the institutional sentiment shift as an onramp to its feast.
The Coinshares CSO was interviewed on CNBC earlier today and she said ‘a fundamental shift in sentiment’ was driving the Bitcoin price up.
The MIT and Oxford lecturer mentioned Ray Dalio’s about turn, and legacy financial giants Guggenheim and BlackRock’s now allocating towards Bitcoin as proof of an institutional sentiment shift.
‘A lot of the interest in Bitcoin is coming from institutions,’ Demirors asserted. ‘What’s driving Bitcoin in my view is the fundamental shift in sentiment. Ray Dalio’s talking about it, BlackRock’s allocating to it, Guggenheim’s allocating. All of the major allocators are now getting in.’
Meltem Demirors said the shift in sentiment was triggered by MicroStrategy’s soaring success since making Bitcoin (BTC) its main treasury asset.
The Coinshares CSO said last year Bitcoin was deemed to be a risky asset for allocators, but this year ‘it is a risk to not allocate to Bitcoin.’
Meltem Demirors: Nation States Are Starting To Look At Bitcoin
Meltem Demirors claims it’s not just institutions where we’re seeing a sentiment shift in Bitcoin, but nation states also.
The Coinshares CSO has always been bullish on the future of Bitcoin, and she now professes governments are seriously looking at ‘what role Bitcoin could potentially play in their economies.’
‘We now have nation states starting to seriously look at at what role Bitcoin could potential play in their economies, so its not just institutions and retail. It’s also corporation and governments. It’s the whole world,’ affirmed the Coinshares CSO.
Nation states seriously looking at what role Bitcoin can play is a level beyond institutional adoption and what Stock-to-Flow analyst Plan B calls Phase 6.
Phase 5 is corporate and institutional adoption of Bitcoin, which we’re clearly going through now, but there has been no mention from any nation state about holding Bitcoin as part of their treasury reserves.
But that would be foolish of them right now, anyway. Instead what we are seeing is governments getting behind Bitcoin mining projects.
A Bitcoiner since 2017 and a Bitcoin Maximalist since 2018, Tommy is our main writer and editor at Bitcoin Maximalist. Other than researching and writing about Bitcoin, Tommy loves spending time with his family and supporting his beloved Leeds United.