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Bitcoin OG Willy Woo calls Bitcoin the ‘perfect asset’ for the next 1,000 years but highlights the need for greater capital inflows to rival the US dollar and gold. At the Baltic Honeybadger conference, Woo emphasized Bitcoin’s potential and current limitations.
- Bitcoin's market cap is $2.42 trillion, less than 11% of gold's $23 trillion.
- Willy Woo highlighted the need for greater capital inflows for Bitcoin to rival traditional assets.
- Two major obstacles currently prevent Bitcoin from becoming a global reserve asset.
📎 Related coverage from: cointelegraph.com