Investor and podcaster Preston Pysh predicts that the largest cryptocurrency Bitcoin will gain 100% in value on an annual basis compared to fiat currencies. During a recent interview with Scott Melker, Pysh expressed his belief that Bitcoin will become a clear store of value and provide protection against the devaluation of fiat currencies such as the US dollar, making striking comments about BTC.
Believing in Bitcoin’s Value to Increase by 100% Annually
Pysh stated, “If I believe that Bitcoin will continue to increase by 100% annually – which I do believe – it’s because I know the rate of devaluation that other fiat currencies on the planet will experience. So I think it will rise compared to those currencies. But what many people seem unable to understand for some reason is that all of the planet’s expenses are made with these fiat currencies.”
The renowned investor suggests that Bitcoin’s value will eventually double yearly compared to fiat currencies, which will also increase the adoption of Bitcoin as a payment method. He added:
“As we progress on this path, people will start receiving their bills in Bitcoin because the conversion is clear, and the change is just beginning. It’s not a 100% devaluation rate according to Bitcoin anymore, but rather a 500% or 1000% devaluation rate annually because whether people like it or not, or whether they want to believe it or not, that’s the trend of this business. I don’t care if you believe it or not. This is where we’re going.”
“Businesses Will Start Demanding Payment in Bitcoin”
Pysh predicts that due to the high devaluation of fiat currencies, businesses will eventually start demanding payment in Bitcoin. According to him, this shift will lead to a high demand for instant Bitcoin payments, and those holding significant amounts of Bitcoin will start actively using it due to the high demand for transaction fees.
The famous investor’s predictions offer an optimistic perspective on the future of the largest cryptocurrency, suggesting that as the value of fiat currencies decreases, the use and value of Bitcoin will continue to rise. This argument is based on the premise that the global economy will increasingly turn to Bitcoin as a store of value and medium of exchange, leading to a fundamental change in the way individuals and businesses transact.
