Prominent market analyst and podcaster, Preston Pysh, has declared that the pseudonymous founder of Bitcoin, Statoshi Nakamoto, has built an almost priceless marketing feature directly into Bitcoin.
Pysh made the assertion in a recent interview, revealing that Nakamoto built Bitcoin with an economic genius and coding style that makes the pioneering cryptocurrency has 21 million limited supply.
He said the perfection behind Bitcoin makes it look like one person cannot build such a thing, adding that the fact that Satoshi created 21 million Bitcoin but “had ten to the negative eight-unit to the right side of the decimal” shows that the marketing strategy behind Bitcoin is worth around $500 billion to $1 trillion.
Pysh said when Bitcoin price goes over $100,000 and $200,000, the price tag of the cryptocurrency the marketing strategy will rise further.
The crypto expert noted that he agrees that the four-year halving is designed to create a viral loop in the price of Bitcoin.
“That’s one teeny-tiny little facet that in my opinion is just totally overlooked but is sheer brilliance when you dig down into the deeper layers of that one tiny little piece of Bitcoin,” Pysh said while commenting on the effect of halving on Bitcoin price.
He explained that inflationary monetary policy causes the quick emergence of innovation, technology, and productivity. He added that may be Bitcoin would have come to live some 50 years from now, but for the government policies.
The Analyst believes that the United States will be the last to fully accept BTC due to the boundless domination of the dollar over other currencies. He went further to say that he has a strong feeling that the price of Bitcoin is about to skyrocket and that by 2021 the news about Bitcoin would make the story of the year in popular magazines and platforms.
Speaking about Gold, Pysh thought it would be absurd to compare the performance of gold with Bitcoin, as gold’s performance is be based on the stock, bond, and commodity markets.