Bitcoin's Path To $10 Million Explained in 10 Minutes | Chainlink Founder

Bitcoin as Digital Gold - Bitcoin benefits from instability, including market, government, and geopolitical instability, serving as a safe haven asset [1] - Diversification is key, with Bitcoin being uncorrelated to assets like NASDAQ, making it a hedge against instability [1] - If capital allocators view Bitcoin as a safe haven and instability increases, allocations could reach a few percent [7] - The industry suggests assessing the percentage of major asset managers, sovereign wealth funds, and potentially central banks with Bitcoin allocations [4] Tokenization and the Future of the Industry - Tokenization of off-chain assets (equities, commodities, funds) will lead to significant on-chain value [11][12] - Even if only 5-10% of off-chain assets are tokenized, it represents a massive success for the industry [12] - The industry anticipates that the value of tokenized off-chain assets will surpass that of Bitcoin [14][15] - Tokenization will redefine the industry, shifting focus from cryptocurrency to tokenized assets [18][19] Bitcoin's Potential Growth - The industry believes Bitcoin adoption will positively impact the broader industry [8] - If Bitcoin becomes a significant portion (e g, 50%) of sovereign wealth funds and pension funds, its value could reach tens of millions per coin [17]