In this episode of Unchained, Laura Shin interviews Udi Wertheimer, a Bitcoin advocate, about his Bitcoin thesis, which he outlined in an essay titled "This Bitcoin Thesis Will Retire Your Bloodline." Udi draws a parallel between Bitcoin's current market dynamics and Dogecoin's explosive growth in 2021, suggesting that Bitcoin is at the tail end of a rotation of old holders selling their Bitcoin, while new institutional buyers are accumulating it. He argues that crypto natives have been asleep at the wheel, underestimating the potential for Bitcoin's price to surge as the supply of available Bitcoin diminishes. Udi predicts a significant price increase for Bitcoin, potentially reaching $300,000 to $400,000 in a few months, driven by institutional capital and the limited ways TradFi can gain crypto exposure. He contrasts Bitcoin with Ethereum and other altcoins, arguing that Bitcoin has a simpler narrative and is poised for more immediate exponential growth, while Ethereum still needs to work through its old holders before it can experience a similar surge.
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