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Bitcoin 'Going Up Forever' - Stablecoins Might Become A Strong Competitor

Nov. 02, 2021 7:25 PM ETBitcoin USD (BTC-USD)MSTR164 Comments


  • According to the CEO of MicroStrategy, Bitcoin is "going up forever."
  • This is a bold statement, and in this article, I will try to analyze on which assumptions this statement is likely based, and if it could theoretically be true.
  • He also mentioned that he believes stablecoins might become a big success, but won't stablecoins compete with Bitcoin heavily?
  • I believe that the current success of stablecoins could be a warning signal for investors in Bitcoin.

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Michael Saylor, the CEO of MicroStrategy (MSTR), recently said that Bitcoin (BTC-USD) is "going up forever." Though he added that Bitcoin investors will likely have to endure volatility, this is a

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This article was written by

I am a private investor from the Netherlands in my mid thirties. I have a very long term view and with my own investments I focus on an awkward combination of stable, dividend-paying investments, cryptocurrency, and growth. My favorite holding period is forever, but I am looking for interesting opportunities which might or might not become a success as well. I am writing for Seeking Alpha because I like to share my insights and enjoy the interaction about investing ideas. My writing is mostly about stocks I own, and others I am interested in.I try to approach every possible investment with a great deal of common sense. Every investment has bulls and bears, and I am always searching for a balanced view, which includes aspects of both. I also try to write balanced articles which provide new insights.On the picture you can see my cat, who sadly died a couple of years ago. I like to think that my investing mimics his behavior: most of the time not doing a lot, finding the best places to lie down (enjoying solid dividend-paying investments). But sometimes for a brief period of time he can become very agile and active, just like what I should do when I notice great investing opportunities (though I'm skeptical about market timing).

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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