Blogs & Articles: With Insight Honed Since $5 BTC, Tuur Demeester Is Ready For Bitcoin 2023 đ 1 year ago
- Category: Blogs & Articles | Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
- Author(s): Peter Chawaga
- Published: 27th April 2023 15:23
Tuur Demeester has a self-described âout of the boxâ approach to macroeconomic analysis, and itâs one that has made his insight into Bitcoinâs unprecedented potential sought after by institutions (in 2021, Demeesterâs bitcoin alpha fund Adamant Capital was sold to Blockstream, where he is now an advisor) as well as individuals (Demeesterâs is ranked as the third âbest Bitcoin Twitter account to followâ by social media analyst Hive.One).
Combining deep research into historical patterns, an academically-rigorous approach and a willingness to embrace new innovation, Demeesterâs outlook on how Bitcoin fits into our wider world has been remarkable for its consistency and prescience for more than a decade.
He first recommended BTC as an investment to readers of his newsletter in 2012, when it was priced at $5. In 2013 (with bitcoin priced around $100), he told Bitcoin Magazine:
âI think bitcoin and the cryptocurrencies are the greatest investment opportunity of our day and age. First of all because bitcoin has all the qualities to make for an ideal money, to a greater extent than any digital or tangible commodity on the planet. Second, in contrast with traditional fiat money, bitcoin is designed for the internet; itâs open source, itâs mobile, fast, and it allows for personal privacy. Third, because we are approaching a bankruptcy event in the developed economies, both in banks and governments, I think that bitcoin, as a discrete and nonconfiscatable currency, will benefit greatly from the capital flight that will ensue.â
As more people around the world have realized Demeester is right about this nascent digital currency, his own perspective has continued to grow. In the introductory note to Adamantâs landmark research paper from 2019, âThe Bitcoin Reformation,â Demeester made the case that bitcoin was not merely a new kind of money, but represented a fundamental shift with few precedents in history.
âIn the past Iâve drawn parallels between bitcoin and the early petroleum industry, the search engine wars, the domain name markets, the growth of P2P file sharing, and internet protocols,â he explained. âBut I kept feeling that I was failing to fundamentally grasp the magnitude of the epoch in which bitcoin functions as a catalyst. It wasnât until I studied the era around the Protestant Reformation that I felt Iâd found a potential blueprint of sufficient scope.â
Demeester continues to develop one of the most sought-after perspectives in Bitcoin and now heâs preparing to share that perspective at the upcoming Bitcoin 2023 event in Miami.
âI have a new report, âHow To Position For The Bitcoin Boom,â which Iâm happy to talk about in Miami,â he told Bitcoin Magazine in an interview about the event. âI canât say much as to the content right now, but rest assured it will be bullish on bitcoin. In general, my aim is always to inspire people to think for themselves by providing good source information and perspectives that they hadnât considered before.â
Of course, todayâs global, macroeconomic climate is one that will produce a lot of compelling Bitcoin content at the largest annual event dedicated to showcasing it. And this year is one that is bringing some of Demeesterâs earliest insights about Bitcoin to fruition.
âItâs hard to predict the very short term, but my view for 2023 is that quantitative easing will make a comeback, and hence that weâll see a surge of new inflation, in particular in rising commodity prices,â he said. âThat is enormously bullish for bitcoin, because itâs one of the few true inflation hedges out there.â
The event will also be a chance to reflect on the progress Bitcoin is making as a technology, independent of BTCâs value relative to fiat currency or the erosion of the legacy financial system. With an outlook that has experienced numerous bear and bull cycles, Demeester is optimistic about how the current environment will produce more advanced and resilient Bitcoin projects.
âIn bear markets, developers, entrepreneurs, politicians and other Bitcoin actors tend to take their time working on projects because they know that announcements â no matter how impressive â will generally see very little interest,â Demeester said. âI expect a huge amount of exciting announcements to come out in 2023, even though I canât yet predict where exactly they will come from. Iâm expecting serious progress in nation-state adoption, in Lightning technology, in bitcoin mining and in the use of bitcoin as a financial performance benchmark, and in bitcoin-backed mortgages.â
Finally, Demeester â a veteran of Bitcoin events, big and small, in bear markets and bull markets â is looking forward to checking in with the Bitcoin 2023 attendees who heâs known throughout his long and expansive career in the space, as well as meeting the new ones who will help take that journey into the future.
âI look forward to catching up with friends, some of whom I havenât met in a long time, and also of course to meet new people,â Demeester concluded. âBitcoin conferences like Bitcoin 2023 are so fun because they gather Bitcoin people from all around the world together in one place.â