Halving 2020: The Bitcoin Reformation with Tuur Demeester

Messari's Unqualified Opinions

Tuur Demeester is one of Bitcoin’s longest standing research analysts who’s been through all three halvings. In this conversation, he recalls how his study of financial history and subsequent worry about our financial system’s inflationary risks led him to a 2010 post from Satoshi laying out bitcoin’s value proposition as digital gold. He describes his first bitcoin bubble from $1 to $30 and the fears that existed during the first two halvings that weren’t present for the third. Tuur also states that while retail is not yet flooding back into Bitcoin, institutions, family offices and billionaires are. According to Tuur, the bottom is in, he doesn’t see BTC going below $6,000 and that $50,000-$100,000 BTC is back in scope. How significant $100,000 bitcoin actually is however, depends on the buying power of the US dollar given recent actions from the Fed.

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