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Why Bitcoin's Biggest Gains Are Still Ahead! | Ben Werkman

Ben Werkman of Strive discusses why Bitcoin's gains may continue, rejecting the diminishing returns thesis. He cites accelerating debt, money printing, and institutional adoption as reasons. He also explains Bitcoin treasury companies and Strive's digital credit model.

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What happened

Ben Werkman of Strive discusses why Bitcoin's gains may continue, rejecting the diminishing returns thesis. He cites accelerating debt, money printing, and institutional adoption as reasons. He also explains Bitcoin treasury companies and Strive's digital credit model.

Confirmed

Global impact / market context

If Bitcoin gains continue, companies holding Bitcoin in treasuries could see their asset values rise, improving their balance sheets. However, those forced to sell during downturns might face losses, impacting their financial stability and stock prices.

Analyst inference

The 60/40 portfolio, which mixes stocks and bonds, is breaking down, possibly pushing investors toward Bitcoin. Passive funds might add Bitcoin exposure without explicit investor choice, potentially increasing demand and affecting asset prices.

Analyst inference

What to watch

  1. Monitor whether Bitcoin's price bottoms and starts rising again, as discussed in the chapter about the bottom. A confirmed bottom could signal the start of the next upward trend. Confirmed
  2. Watch how Bitcoin treasury companies manage their holdings, especially those built to survive versus those forced to sell. Their strategies may indicate which firms are better positioned for market stress. Proposed
  3. Observe if passive funds integrate Bitcoin into portfolios, potentially increasing exposure for investors without direct choice. This could drive more capital into Bitcoin, influencing its price and volatility. Analyst inference

Affected assets

  • BTC — Bitcoin

Evidence