Bitcoin Poised for Up to 30% Growth, Strive CEO Predicts
Strive CEO Matt Cole expects Bitcoin to experience significant growth into 2030. In an interview, he outlined his macro thesis on the dollar and long-end Treasury rates, which could lead to a surge in scarce assets like Bitcoin. According to Cole, when the Federal Reserve and Treasury intervene to suppress long-term interest rates, they create a 'release valve' for the dollar. This phenomenon allows scarce assets to increase in value.
Cole's base case is that Bitcoin will see approximately 50% annual returns into 2030, with potential growth of up to 30%. He attributes this to Bitcoin reclaiming its role as the fastest horse against gold. However, it is essential to note that these predictions are subject to various market and economic factors.
Cole's views align with his three-part macro thesis: the dollar becomes a release valve for long-end rates; scarce assets, such as Bitcoin, increase in value; and Bitcoin reclaims its role against gold. His predictions are not investment advice but rather an analysis of potential market trends.