“Buy Bitcoin Now BEFORE BlackRock Buys It ALL…” Dylan LeClair Latest Bitcoin Prediction (2024)

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Recently, Bitcoin has been dominating the price charts, showing a positive uptrend fueled by various factors, including the impact of Grayscale’s Bitcoin Trust (GBTC) and the emergence of spot ETFs.

Now, Bitcoin is ready to take on fiat liquidity and go up against this massive pile of unpayable liabilities. That’s the message from Dylan Leclair, a Bitcoin and macro analyst associated with Bitcoin Magazine.

Leclair explains his thesis on Bitcoin accelerationism and touches upon the significance of energy and Bitcoin’s proof-of-work mechanism. He believes Bitcoin’s dominance is a crucial step in challenging the existing financial paradigm.

However, make sure to stay until the end of the video where LeClair breaks down the future price trends for Bitcoin and other altcoins.

About Dylan LeClair:

Dylan LeClair works at BTC Inc as the Head of Market Research, working as the Lead Analyst at UTXO Management, while also leading the production of a research newsletter focused on the bitcoin market, Bitcoin Magazine Pro.

He co-founded 21st Paradigm in early 2021, to help individuals and businesses understand bitcoin and it’s potential to serve as a neutral reserve asset for the world.

Credits: To watch the full interview highlighted in the video (and subscribe to a great crypto resource!) Check out Baltic HoneyBadger 2023:

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“Get Bitcoin BEFORE BlackRock Buys It ALL…” Dylan LeClair Latest Bitcoin Prediction (2024)

The quin’s monetary superiority is going to enforce itself violently and not violently in like societal collapse violently in terms of its exchange rate as it’s been doing whether diminishing returns or there’s you know at one point there’s escape velocity like I’m not talking 5 years I’m talking 50 right

Just so we can kind of broaden this all out but if you believe we’re heading to that world like I mean you never mind the unit of account like you know there’s a bunch of Bitcoin beaches and El Salvador is out there and half the world is using dollars half the world’s

Instead of their you know dog fiat currency is using Satoshi right like most if you’re sufficiently bullish on bitcoin like you should be like yeah agreed right and in that world it’s the the main chain is is not a sufficient solution like like it will obviously that’s the settlement layer right but

I’m not if I’m sitting here and you’re saying you know hey uh let’s go get lunch pay me 100 bucks I’m not sending you onchain Bitcoin because it’s like the most valuable settlement layer it’s the the settlement layer for all of the world for this 10 trillion 100 trillion

Dollar I you know know store value so is it lightning well yeah Lightning’s a solution is it custodial yeah custodial is a solution but the the point of this all is that you know we’re sitting here screaming crying throwing up about $10 fees in 2024 and it’s like like I you

Know a couple months after like grocking Bitcoin was like oh you know fees are going like oh block reward goes to zero eventually oh bitcoin’s going to be World money one day oh fees are going astronomically High mhm because only thing has value as Bitcoin the asset is

The block space block space itself is a commodity you know the fact that it’s you know ethereum style jpegs is like is indifferent to me or you know there’s stamps or tokens or whatever it’s like Bitcoin is going to go violently upwards in price that’s the message from Dylan

Lir a Bitcoin and macro analyst associated with Bitcoin magazine recently Bitcoin has been dominating the price charts showing a positive uptrend fueled by various factors such as the launch of the spot Bitcoin ETFs as well as anticipation for the upcoming Bitcoin Haring now Bitcoin is ready to take on

Fiat and go up against the massive pile of out ofcontrol debt in his latest interview llaa explains his thesis on bitcoin acceleration and touches upon the significance of energy and bitcoin’s proof of work mechanism he believes bitcoin’s dominance is an inevitability make sure to stick around to the end of

The video where lir breaks down the future price trends for Bitcoin and other altcoins also only a small percentage of my viewers actually subscribed if you enjoy staying up to date with Finance content consider subscribing or liking the video it’s free and you can always change your

Mind now he’s still Ina’s views on the Bitcoin versus Fiat War I think what people Miss is and everybody’s you know mansplained the ETF so so maybe I don’t need to go into a whole tangent for you but I think what what it is is the

Thesis at least for me is there’s this massive pool of liabilities that can’t be paid down around the globe hundreds of trillions that can’t be paid down in real terms or n or nominal terms and so what Bitcoin is doing you know 800 900 billion pretty irrelevant you know been

Been uh ticking on for 15 years now is it slowly monetizing on the ass side of the balance sheet for a bunch of kind of uh Sovereign individuals psychos Cypher punks drug dealers capitalists speculators and it’s still pretty relevant but it’s this little spec on the asset side of the

Balance sheet assets liabilities and all this ETF is doing is it’s getting on the asset side of the balance sheet it’s kind of you know we’re getting the piping from the Legacy rails the the traditional Financial system and you know once we get that you know similar

To how stocks or housing or really any asset class in Fiat nominal terms not in real terms I mean for the last 40 years or so we’ve seen this bull market where everything because of the cost of capital going down has increased in real terms but in Fiat nominal terms

Everything assets have you know also like food energy everything you really want is going up and to the right um because we have this unpayable stack of liabilities I mean by definition the Fiat system has to expand um so I just I just view it as you know we’re finally

For at least in the traditional World we’re we’re opening up the valve um for the for the asset side for Bitcoin to just kind of Trojan Horse onto the asset side and you know while we’ve seen these 70 80% draw Downs three four times with Bitcoin you know another cycle or two

Another kind of order of magnitude higher and all of a sudden it’s not just speculators in trouble when Bitcoin crashes it’s systemic and so we’re obviously not there we’re not even close to there but Bitcoin taking fat liquidity and going up against this massive pile of unpayable liabilities

That’s the story and so the ETF is just another step in that process Bitcoin accelerationism it’s kind of this nent sort of mimetic you know movement on Twitter if you will but it’s like a fork of the effective accelerationist and again this is like this kind of deep you know

Philosophical sort of movement that’s happening in the Silicon Valley world and it was in direct opposition to the effective altruism movement which sand bankman freed was like the biggest poster child of actually but the effective effective altruism was essentially like look tax accelerating in a big big way we need safety we need

To pause AI development we need to like really have guard rails and government control on all this um and it’s it’s kind of by an extension like it’s it’s very well aligned with like the ESG sort of thing like hey like we need you know

You need to hold your hand like it and it’s very much kind of antithetical to like effective accelerationism was like no we’re not slowing down actually the natural order of the world is to increase entropy it’s to use more energy this is how all biological life I’m you

Know this is how how it works we actually take you know that if you look into the laws of thermodynamics and and not to make this like it’s like too abstract um but the effective accelerationist movement is essentially like these are the natural this is the natural order more entropy um and more

Energy uh that’s like we’re all optimizing Humanity civilization life is is doing that it’s going from a low entropy State low entropy energy matter to to a higher entropy um world and so again it’s like very philosophical um but they believe um that you know that’s

Like kind of almost uh they think of like Tech in the same way that we’re not going to we’re not going to slow down we’re not going to decrease our energy use we’re not going to purposefully limit our intelligence we’re going to push forward and we’re not going to apologize for it

That I you know posted that in the Bitcoin accelerationist um sort of idea is that I think that that Bitcoin um as a monetary unit uh as a network as um you know and and what it means for energy infrastructure is actually core and integral to this thesis and um a lot

Of the tech kind of investors and like the Brilliant Minds on on the west coast Silicon Valley you know kind of sort of tech scene haven’t put it together um and that you know there’s been this long-standing debate in Bitcoin of like look proof of work it’s inefficient and

Like the the bitcoiners are like you know proof of Works awesome but like crypto more broadly you know the reason e um changed from proof of work to proof of stake was like look we going to decrease our energy use the narrative is like we’re going to be more energy

Efficient right um and and I think my take is like energy and and and human civilization and our standard of living is a derivative of our ability to produce and consume energy efficiently um and you know sometimes like if I just say energy people might think like I’m

Going to go burn coal or fossil fuel it’s like no everything is energy in some form um all like like our entire modern civilization is because we can harness energy right and sailor had you know eight podcasts on this very very topic so I’m you know I’m probably not

The the best one to to dive into it but the proof of work of of Bitcoin um and the absolute scarcity of this has has really really strong kind of second and third order effects right no one thought at the beginning of you know the Bitcoin Network the Bitcoin system that we were

Going you know all of the positive externalities of the mining was actually was actually not going to be bad but actually like a huge net benefit to grid infrastructure right to waste energy right there’s all these like actual environmentalists that are looking at this and saying wait this is not bad

Yeah you know it’s like oh uh because hash rate is transparent we can quantify roughly how much energy it uses and it uses more than Argentina and that’s bad and it’s like wait a second no Bitcoin doesn’t waste energy it actually uses waste energy yeah I’ve changed my tune a

Little bit to be like not not cuz you know you don’t need to be like welcoming or inclusive but I I realized there’s a lot of really really really smart people that are that are working on this this stuff and then by this stuff I mean

Crypto right tokens all this stuff but I think that there are positive you know and this is like a contra you take I think there are positive externalities from the tens of billions you maybe hundreds of billions um that have poured into crypto even if it is

Malinvestment um and you kind of see this with some of like for instance like some of the scaling Tech um for Bitcoin right there’s obviously the lightning network but there’s a bunch of really smart people working on you know for instance there’s like this bit VM um

Kind of it was like a white paper kind of theory and now it’s they’re very much you know turning it into a proof of concept and an active working system of basically we can do like Turing complete functionality on bitcoin and it’s not the compute isn’t on the Chain like

Ethereum right where tur complete means it’s a it’s a virtual machine it can do every sort of function equation system it’s self- referential you can go Bitcoin can’t do that Bitcoin is very limited you can kind of send it you can lock it you can create a multisig you

Can’t do the stuff I can’t make a smart contract in the way that I can make a DEX on bitcoin like you could with ethereum right which is why all this mind share was like look bitcoin’s a dumb Boomer Rock and we’re going to go to eth and then you know they realized

Like okay well we can’t scale this thing infinitely right and so you have these second layers and every second layer had a token right um but I do think all this money flowed in right and because of that there was a ton of of incentive to

Build and a ton of really really smart intellectual like you know really valuable intellectual Capital you know sought to go to that you know these systems right like I think it’s started to shift a bit in the last year but all of the like the the developer activity

Like anybody I talked to my age that was like a software engineer in crypto was not doing Bitcoin stuff they were like I’m going to be a salon developer because I’m going to get all this pay and it’s like well yeah that’s part of the Mis incentives with like the tokens

And everything else um but maybe there’s something valuable there maybe not right and I think you’re starting to see some of that stuff for instance as I was saying the bit VM white paper right um the first reference is talking about optimistic rollups on ethereum right optimistic rollups was a technology to

Scale ethereum that was ethereum first right and so like is ethereum a shitcoin yeah it is right but now we’re starting to scale Bitcoin and we’re getting this increased functionality and a bunch of really smart people are like hey I want to build on this and wait the first

Reference is ethereum Tech like is that bad or is that good um then never mind Bitcoin you know let’s let’s say that’s gold right you’d be like look the total addressable market for for this idea is the biggest in the world by definition yeah right it’s a communication

Mechanism for all of civilization and Society is the price of things the price in what and in money terms um so Bitcoin monetary maximalism is you know never mind like if you you know ordinals and you know whatever else is possible data arbitrary data like you know we often

Talk about like oh January 3rd 2009 uh you know on on the Brank Chancellor on the brink of bailouts for banks it’s like that’s arbitrary data on the blockchain if you are a monetary maximalist You by I would say almost by necessity by definition would argue or or should support that monetary use

Cases price out everything else yeah right and that in a hyper Bitcoin IED world if you push it to the farest extreme the the Bitcoin network is going to be settling trillions of dollars of value a day and the the fees to settle trillions of dollars are going to be

Massive it’s going to be extremely robust fee market like there was the security budget concerns you know the past year or two when the fees were low and I you know got flamed on Twitter because I was like look free Market’s going to figure it out we have a

Difficulty adjustment I’m really bullish on bitcoin as a network I’m not worried about it and you know it was like a FIV minute video I just kind of summarized it and people were flamming me like you idiot you don’t understand like it’s you know if when there’s no block reward

It’s going to be insecure and it’s going to be trivial to 51% attack and I’m like look I’m not worried about blocks filling up I’m just not um so you know someone puts brc2 spam on a blockchain and people are like screaming and and you know cancelling each other and I’m

Like dude if you are like think this thing is the biggest idea of your time then you shouldn’t be worked up over a $10 transfer um never mind never mind all that personally anecdotally um I think it’s happening where a lot of the crypto mind share that was like look

Bitcoin’s big dumb Boomer Rock doesn’t do anything all the devs are just old cranky Boomers you know and we’re going to go build fast break things you know Bitcoin can’t do anything we’re going to build on eth we’re going to build on you know whatever chain um and I think

There’s a I mean not a total Exodus but a bunch of there’s been a bunch of of of developer mind share that you know post the ordinals thing been like wait Bitcoin you know it’s like bitcoin’s fun again it’s like okay that’s just kind of a joke but like who cares about being

Fun but there’s all these people that are like wait I want to build on on bitcoin again like all these ordinal startups right they’re like they weren’t bitcoiners a year ago right and so the the people on the you know that are opposed to this are like it’s an attack

Vector right it’s like the people that were on bsv right cuz bsv is this big block or whatever a bunch of the bsv people came over and are doing stuff with ordinals and many people are interpreting that as this is a you know whether it’s a state sponsored attack or

Just a you know because they’re coping about bsv uh and their supporters of Craig Wright they’re attacking Bitcoin and I’m saying like look the thesis that I believe is that Bitcoin is the best asset it’s the strongest Network it’s the apex predator of this entire world monetary system never mind the crypto

Ecosystem if a big blocker or an eth maxi or anyone else says you know what I’m not going to build on bitcoin on eth or bsv I’m going to buy Bitcoin I’m going to write Bitcoin script and I’m going to pay Bitcoin fees and you’re going to sit there with

A straight face and tell me that’s an attack on bitcoin like again I don’t even agree with many of the use cases I think I would say brc2 tokens are stupid they’re valueless it’s speculative degeneracy but I’ve looked very deeply into it I can’t stop it so there’s dlan

Lir with his clear-cut analysis on where he believes Bitcoin is going to go over the next 50 years lir sees Bitcoin as a key player in tackling Global Financial challenges especially the global debt crisis he gave his thoughts on bitcoin’s Tech and energy usage addressing criticisms whilst pointing out its

Positive impacts his insights give a straightforward take on recent crypto happenings blending economic and Tech perspectives for a clearer picture before we go a quick reminder for those who are keen on staying updated in the fastpaced world of crypto and Bitcoin consider subscribing to our daily 5-minute crypto newsletter it’s a

Concise resource for the latest expert predictions breaking news and top on chain analysis trusted by over 40,000 subscribers for insightful crypto investment information click the first link in the description to join our community and elevate your crypto investment knowledge today anyway guys hope you all enjoyed today’s video and

That provided you with some value I’ll see you all in the next one and as always all the best