Smartest man alive converts all his assets into Bitcoin
Yahoo Finance·2025-09-29 22:43

Core Insights - YoungHoon Kim, the holder of the highest IQ record, has converted all his assets into Bitcoin, believing it to be the future of the economy [1][2] - Kim predicts that Bitcoin will increase in value by at least 100 times over the next decade, potentially reaching over $10 million per Bitcoin [3] - He envisions Bitcoin as the ultimate reserve asset, surpassing traditional assets like gold and U.S. Treasuries [3] Bitcoin Market Context - Bitcoin, launched in 2009, currently has a market capitalization of $2.27 trillion [1] - As of the latest report, Bitcoin was trading at $114,096.43, having risen more than 3% in the last 24 hours [7] U.S. Government Involvement - President Donald Trump signed an executive order to create a federal Bitcoin strategic reserve, although this does not imply a conversion of existing gold or forex reserves [5] - The U.S. government currently holds 198,021 BTC valued at approximately $22 million, but no strategic Bitcoin reserve has been established yet [6] Company Forecasts - Kim predicts that the Trump-linked Bitcoin mining firm, American Bitcoin (Nasdaq: ABTC), will become the world's largest company by market capitalization due to the anticipated Bitcoin rally [7]