Part 8/15:
Alden highlights that early use cases, like Wikileaks accepting Bitcoin for donations, showcase its utility in circumventing censorship and financial restrictions. As Bitcoin gains mainstream understanding, her prediction is a gradual shift from speculative investment to real-world usage, which will reshape asset allocations and influence asset classes like real estate, equities, and bonds.
The Impending Disruption to Traditional Assets
Bitcoin’s growth from a $1 trillion market cap towards significant portions of global wealth, estimated in hundreds of trillions, presents a challenge to traditional financial assets. Over decades, Bitcoin could erode the dominance of savings accounts, sovereign bonds, and fiat-denominated assets, leading to a paradigm shift in wealth management.