The current popular use-cases for WBTC is lending and borrowing such as on AAVE and MakerDAO, but, we will see another DeFi innovation on liquidity mining and others for WBTC.The current popular use-cases for WBTC is lending and borrowing such as on AAVE and MakerDAO, but, we will see another DeFi innovation on liquidity mining and others for WBTC.Then, BTC ecosystem will grow much bigger.This is my growth scenario for BTC as of now.Then, BTC ecosystem will grow much bigger.This is my growth scenario for BTC as of now.
Hello.I am mr.masa.Hello.I am mr.masa.Today, I would like to take a closer look at Bitcoin’s investment analysis of $BTC, with updated investment scores.Today, I would like to take a closer look at Bitcoin’s investment analysis of $BTC, with updated investment scores.
First of all, here is my portfolio strategy.I only allocate my money to BTC and these seven categories on the right side.
First of all, here is my portfolio strategy.I only allocate my money to BTC and these seven categories on the right side.
If you want to understand more about my portfolio strategy, please refer to my YouTube video on “My Portfolio Strategy”.Here is the video link.If you want to understand more about my portfolio strategy, please refer to my YouTube video on “My Portfolio Strategy”.Here is the video link.
Then, for $BTC, in my portfolio strategy, the relevant category is the center one, “Digital Gold”.
Then, for $BTC, in my portfolio strategy, the relevant category is the center one, “Digital Gold”.All we know, Bitcoin is the inventor of blockchain, and world 1st native crypto asset.Literally, Bitcoin is the origin of Web3.
All we know, Bitcoin is the inventor of blockchain, and world 1st native crypto asset.Literally, Bitcoin is the origin of Web3.The next key item is my analytical points of view which are the six points of view, that is, The next key item is my analytical points of view which are the six points of view, that is, Pain point analysis, product analysis, team analysis, team execution capability analysis, token economy analysis, Pain point analysis, product analysis, team analysis, team execution capability analysis, token economy analysis, And hype cycle analysis.And hype cycle analysis.In addition, regarding what’s the keys for each analytical point, In addition, regarding what’s the keys for each analytical point, Please refer to the YouTube video “My Altcoin Investment Strategy”.Please refer to the YouTube video “My Altcoin Investment Strategy”.
Here is my total score detail of $BTC this time.Here is my total score detail of $BTC this time.
Last time, when analyzed in July 2021, the total score was 30.0 points.Last time, when analyzed in July 2021, the total score was 30.0 points.This time, in January 2023, 30.0 points.This time, in January 2023, 30.0 points.
Since my minimum investment criteria is over 25.0 points, I’ll keep to recommend investing in Bitcoin, $BTC.Since my minimum investment criteria is over 25.0 points, I’ll keep to recommend investing in Bitcoin, $BTC.The red circle mark is the place where the score was changed.The dotted red circle marks are places where there is no change in score, but there is an important update.The red circle mark is the place where the score was changed.The dotted red circle marks are places where there is no change in score, but there is an important update.
Now let’s talk about why in more detail.Now let’s talk about why in more detail.The first is pain point analysis.No update here, but, let’s review it.The first is pain point analysis.No update here, but, let’s review it.
The single key currency, USD based World Economy is too risky, and not sustainable.The single key currency, USD based World Economy is too risky, and not sustainable.
This data is from IMF.It’s about Central Bank Foreign Preserves by currency shares.This data is from IMF.It’s about Central Bank Foreign Preserves by currency shares.
The blue one is USD, Orange is Euro.Sky blue is UK Pond.Yellow is JPY, and Grey is Chinese Renminbi.The blue one is USD, Orange is Euro.Sky blue is UK Pond.Yellow is JPY, and Grey is Chinese Renminbi.
USD market share is over 60% in 2019.USD market share is over 60% in 2019.Literally, USD dominates Central Bank Reserves.
Literally, USD dominates Central Bank Reserves.
This brings us a single point of failure in world economy.This brings us a single point of failure in world economy.Simply because, as we see here, most central bank use USD as treasury reserves, which means the value of their fiat currency are backed by the value of USD.Simply because, as we see here, most central bank use USD as treasury reserves, which means the value of their fiat currency are backed by the value of USD.
But, as we know, government leadership in US economy does not always work properly in its history.But, as we know, government leadership in US economy does not always work properly in its history.
It’s simply because their system is based on presidential election system.Single point of failure risk does exist here.It’s simply because their system is based on presidential election system.Single point of failure risk does exist here.High USD dominance is very similar to client server network in Web2.High USD dominance is very similar to client server network in Web2.Once the central economy ( = US Economy) goes down, all others also goes down.
Once the central economy ( = US Economy) goes down, all others also goes down.That’s why we must build decentralized key currency system.That’s why we must build decentralized key currency system.
From this perspective, one of the biggest potential of $BTC is to become world No.1 treasury reserve assets next to USD.From this perspective, one of the biggest potential of $BTC is to become world No.1 treasury reserve assets next to USD.Product analysis Product analysis This time, I focus on the next big thing on BTC which is related to DeFi.This time, I focus on the next big thing on BTC which is related to DeFi.
I still do believe that WBTC has much more important and scalable solution than lightning network on BTC.
I still do believe that WBTC has much more important and scalable solution than lightning network on BTC.Simply because WBTC growth brings us this network effect: Simply because WBTC growth brings us this network effect: Additional investment return with WBTC compared with just holding BTC.Additional investment return with WBTC compared with just holding BTC.
This also brings us lower transaction fee and lower selling pressure on exchange.This also brings us lower transaction fee and lower selling pressure on exchange.
Thus, we can achieve the steady asset growth of BTC.Thus, we can achieve the steady asset growth of BTC.Eventually, such steady growth attract more investor including conservatives to buy and hold BTC.Eventually, such steady growth attract more investor including conservatives to buy and hold BTC.Base on Chasm theory, this network effect is very natural to imagine.
Base on Chasm theory, this network effect is very natural to imagine.
Then, before telling about the detail of WBTC, I will share my thought about why not lightning network.Then, before telling about the detail of WBTC, I will share my thought about why not lightning network.Most lightning network developers argue that fully distributed lightning network can achieve 1 million transaction per second on BTC network.Most lightning network developers argue that fully distributed lightning network can achieve 1 million transaction per second on BTC network.This number is much bigger than the maximum transaction capacity of VISA card network which can process 5,000 to 50,000 transaction per second as of now.This number is much bigger than the maximum transaction capacity of VISA card network which can process 5,000 to 50,000 transaction per second as of now.But, my biggest concern is this red line one: But, my biggest concern is this red line one: Additional costs problems such as routing.Additional costs problems such as routing.
Look at this.Look at this.A key growth drivers for BTC lightning network is “Routing”.A key growth drivers for BTC lightning network is “Routing”.
When Bob in Australia wants send BTC to Alice in Portugal, we need many routing users on this network.When Bob in Australia wants send BTC to Alice in Portugal, we need many routing users on this network.Of course, Bob or Alice need to pay the fee for them.Otherwise, there is no incentive for them to join this network.
Of course, Bob or Alice need to pay the fee for them.Otherwise, there is no incentive for them to join this network.Which means more physical distance between the above two users, more expensive fee on using lightning network.Which means more physical distance between the above two users, more expensive fee on using lightning network.I think in such long-distance BTC transfer, the fee will be higher than SWIFT.I think in such long-distance BTC transfer, the fee will be higher than SWIFT.Thus, technically it’s still unrealistic killer solutions for BTC.Thus, technically it’s still unrealistic killer solutions for BTC.
Instead, to me, WBTC looks sleeping giants.Instead, to me, WBTC looks sleeping giants.For example, BTC market cap has $327 Billions as now while WBTC minted is only $3.34 billions.For example, BTC market cap has $327 Billions as now while WBTC minted is only $3.34 billions.It’s just about 1% of BTC market cap.
Extremely small.It’s just about 1% of BTC market cap.Extremely small.One of the biggest pain point of WBTC is this.One of the biggest pain point of WBTC is this.
Only CeFi can mint WBTC as of now.Only CeFi can mint WBTC as of now.
But, as we know we cannot trust CeFi.
It’s very clear from our learning on Celsius bankruptcy and FTX collapse.But, as we know we cannot trust CeFi.
It’s very clear from our learning on Celsius bankruptcy and FTX collapse.
Thus, we need self-custodian minting solution for WBTC.Thus, we need self-custodian minting solution for WBTC.Then, we have the answer now.Then, we have the answer now.It’s Web3 Smartphone.Solana Mobile combined with Helium 5G mobile network is the pioneer.It’s Web3 Smartphone.Solana Mobile combined with Helium 5G mobile network is the pioneer.
This topic is related to Account Abstraction on Wallet Dapps.This topic is related to Account Abstraction on Wallet Dapps.This is currently one of the biggest tech topics on L1 and L2.This is currently one of the biggest tech topics on L1 and L2.Look at the bottom one.Look at the bottom one.It’s about signing schemes.It’s about signing schemes.
The current common signing scheme in Ethereum is a single signing scheme – ECDSA – and one elliptic curve.The current common signing scheme in Ethereum is a single signing scheme – ECDSA – and one elliptic curve.
Quantum computers can break ECDSA.Thus, we need “post-quantum safe signature algorithms (e.g.Lamport, Winternitz)”.Quantum computers can break ECDSA.Thus, we need “post-quantum safe signature algorithms (e.g.Lamport, Winternitz)”.Also, a different signature scheme could let you use the secure enclave of iOS and Android devices to turn smartphones into hardware wallets.
Also, a different signature scheme could let you use the secure enclave of iOS and Android devices to turn smartphones into hardware wallets.With over 6 billion smartphone users globally.With over 6 billion smartphone users globally.
Last red marked sentences are the most important for WBTC.Last red marked sentences are the most important for WBTC.With this new signing scheme, you can use your SmartPhone as Hardware Wallet.With this new signing scheme, you can use your SmartPhone as Hardware Wallet.
This means, when you mint WBTC, you don’t need CeFi anymore.This means, when you mint WBTC, you don’t need CeFi anymore.Thus, zero friction cost for minting WBTC.Thus, zero friction cost for minting WBTC.I do think that Self-Custodian based WBTC Powered by Web3 Phone will accelerate the next big growth of DeFi.I do think that Self-Custodian based WBTC Powered by Web3 Phone will accelerate the next big growth of DeFi.The current popular use-cases for WBTC is lending and borrowing such as on AAVE and MakerDAO, but, we will see another DeFi innovation on liquidity mining and others for WBTC.The current popular use-cases for WBTC is lending and borrowing such as on AAVE and MakerDAO, but, we will see another DeFi innovation on liquidity mining and others for WBTC.
Then, BTC ecosystem will grow much bigger.This is my growth scenario for BTC as of now.Then, BTC ecosystem will grow much bigger.This is my growth scenario for BTC as of now.
Team Analysis Team Analysis Bitcoin community is fully decentralized.The inventor, Satoshi Nakamoto is no where.
As the origin of Web3, Bitcoin has the biggest DAO.Bitcoin community is fully decentralized.
The inventor, Satoshi Nakamoto is no where.As the origin of Web3, Bitcoin has the biggest DAO.But, here is one more thing.Most still argue who is Satoshi Nakamoto.But, here is one more thing.
Most still argue who is Satoshi Nakamoto.Here is my answer: Isamu Kaneko, the inventor of P2P file sharing software of Winny, who also was arrested by Japanese Government because of this invention.Here is my answer: Isamu Kaneko, the inventor of P2P file sharing software of Winny, who also was arrested by Japanese Government because of this invention.
For more detail, please check out my video about Isamu Kaneko.That would be interesting one for you.For more detail, please check out my video about Isamu Kaneko.That would be interesting one for you.
Execution Power Analysis Execution Power Analysis Here is two updates.Here is two updates.First one is this.Jack Dorsey is working on building L2 platform on Bitcoin blockchain, which he calls “web5” First one is this.Jack Dorsey is working on building L2 platform on Bitcoin blockchain, which he calls “web5” This news was in June 2022.Let’s keep pay attention to their next progress.This news was in June 2022.
Let’s keep pay attention to their next progress.
The other update is the progress of BTC as World Treasury Reserve Asset.The other update is the progress of BTC as World Treasury Reserve Asset.Starting from Micro Strategy and Tesla, mass adaptation of BTC as Treasury Reserve is soundly moving forward.Starting from Micro Strategy and Tesla, mass adaptation of BTC as Treasury Reserve is soundly moving forward.
One of the biggest progress last year was governments in emerging economy such as El Salvador and Central African Republic bought BTC for their Treasury Reserve.One of the biggest progress last year was governments in emerging economy such as El Salvador and Central African Republic bought BTC for their Treasury Reserve.
In the next bull run on BTC market, such adoption will accelerate.In the next bull run on BTC market, such adoption will accelerate.Token Economy Analysis Token Economy Analysis This is token economy metrics which I made.But, it’s altcoin, not for Bitcoin.This is token economy metrics which I made.But, it’s altcoin, not for Bitcoin.The net work effect of BTC is simple.
The net work effect of BTC is simple.As we see more serious global economic crisis, the mass adoption of BTC will grow.As we see more serious global economic crisis, the mass adoption of BTC will grow.This is also the core principle of my portfolio strategy.This is also the core principle of my portfolio strategy.
Capital inflow from capitalism system to post capitalism system.Bitcoin is the greatest catalyst to accelerate this capital inflow to new economy as digital gold.
Capital inflow from capitalism system to post capitalism system.Bitcoin is the greatest catalyst to accelerate this capital inflow to new economy as digital gold.Finally, hype cycle analysis.Finally, hype cycle analysis.
This is Gartner blockchain, Web3 hype cycle 2022.This is Gartner blockchain, Web3 hype cycle 2022.The major matching categories for Bitcoin are Crypto Currency, Blockchain Wallet, DeFi, Blockchain Interoperability, Web3, and DAO.The major matching categories for Bitcoin are Crypto Currency, Blockchain Wallet, DeFi, Blockchain Interoperability, Web3, and DAO.
I do think Blockchain Wallet, Blockchain Interoperability, and DeFi are the most important elements for Bitcoin.I do think Blockchain Wallet, Blockchain Interoperability, and DeFi are the most important elements for Bitcoin.
And the total score evaluation is as follows.And the total score evaluation is as follows.Pain Point remains at 5.0 .Bitcoin is the origin of Web3.No doubt for the highest score here.Pain Point remains at 5.0 .
Bitcoin is the origin of Web3.No doubt for the highest score here.Product remains at 5.0.Blockchain, L1&L2, NFT, DeFi, Tokenomics, all innovation in Web3 originally came from the technology of Bitcoin.Product remains at 5.0.
Blockchain, L1&L2, NFT, DeFi, Tokenomics, all innovation in Web3 originally came from the technology of Bitcoin.
Team remains at 5.0.The largest and most decentralized DAO in Web3.
Team remains at 5.0.The largest and most decentralized DAO in Web3.Execution Power remains at 5.0.The largest market cap project in Web3.
This is the answer for 5.0 score.Execution Power remains at 5.0.The largest market cap project in Web3.This is the answer for 5.0 score.Token Economy remains at 5.0.Web3 industry market momentum is always led by BTC market.This is the clear evidence that how BTC network effect has strong influence on Web3 industry.
Token Economy remains at 5.0.Web3 industry market momentum is always led by BTC market.This is the clear evidence that how BTC network effect has strong influence on Web3 industry.Hype Cycle remains at 5.0.I do think Blockchain Wallet, Blockchain Interoperability, and DeFi are the most important elements for Bitcoin.Hype Cycle remains at 5.0.I do think Blockchain Wallet, Blockchain Interoperability, and DeFi are the most important elements for Bitcoin.
Total score is 30.0.My minimum standard for investment is 25.0 or higher, so I can recommend investment $BTC at this time.Total score is 30.0.My minimum standard for investment is 25.0 or higher, so I can recommend investment $BTC at this time.
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For more information, please check out the information in this video overview.That’s it.For more information, please check out the information in this video overview.That’s it.For the last, the content of this video is for educational purposes only and does not guarantee any return on investment.For the last, the content of this video is for educational purposes only and does not guarantee any return on investment.
Please make your final investment decisions at your own risk.However, I sincerely hope that my videos will practically help those who are investing in, or thinking about investing in Web3 and crypto assets.However, I sincerely hope that my videos will practically help those who are investing in, or thinking about investing in Web3 and crypto assets.I also make lots of interesting videos and live interviews related to Web3 and Crypto Assets.I also make lots of interesting videos and live interviews related to Web3 and Crypto Assets.
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Cheers! Thank you for listening and don’t forget to subscribe to my channel.Cheers! Hi I am mr.masa, Co-Founder and Ex CEO of Orb ( World 1st linear scalable DPoS based BaaS project founded 2014 and acquired by SBI Holdings in 2018 ) , and Lead Mentor for Google Global Accelerator Program.I am serial entrepreneur, investor, and philanthropist for Post Capitalism and Singularity.For more detail, please check the video.
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I also use Binance.Please try from here.https://www.binance.com/en?ref=25736973 Also, here is my Twitter.https://twitter.com/0xmrmasa88 Always welcome for constructive comments and positive feedback.
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