Even if Bitcoin’s
Speaking on the Coin Stories podcast with Natalie Brunell, he explained that people will likely continue to doubt Bitcoin’s potential, no matter how high its market share or price climbs.
During the conversation, Broyles emphasized that tech limitations do not drive resistance to Bitcoin, but it is rooted in how people think.
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Despite major price rallies, many still question whether Bitcoin can actually benefit them in a real, day-to-day sense. Broyles said:
Unfortunately, I don’t think a lot of people will make that switch until they see that.
Bitcoin reached a high of $124,128 on August 14 but dropped to $109,290 at the time of writing. Despite this growth, Broyles argued that even if Bitcoin reaches $5 million or $10 million, people will still dismiss it.
He added, “It’s 8% of world assets now. It can’t go any higher, right?”.
Broyles also argued that tying Bitcoin to something familiar, such as home loans, could be more effective than instructing someone to buy Bitcoin every month for an extended period.
He said, “Is it going to be harder to convince somebody who’s more skeptical of Bitcoin, ‘Hey, you should buy $1,000 of Bitcoin for the next 200 months’? Or is it going to be, ‘Hey, you can refinance your home and convert this equity into Bitcoin’?”.
Mike Novogratz, the head of Galaxy Digital, shared his thoughts on what would happen if Bitcoin were to reach $1 million by 2026. What did he say? Read the full story.
