On May 18, Willy Woo, a famous cryptocurrency analyst, posted on social media, "Bitcoin has long passed the stage of several-fold increases seen in 2017. 2020 was a key year for Bitcoin's 'institutionalization', with enterprises and sovereign institutions beginning to accumulate Bitcoin, with the compound annual growth rate dropping from over 100% to 30-40%. Bitcoin is now being traded as the newest macro asset in 150 years, and it will continue to absorb global capital until it reaches a certain 'equilibrium point'.
Considering long-term monetary expansion of about 5% and GDP growth of 3%, I believe Bitcoin's final compound annual growth rate will stabilize around 8%. And before reaching this 'equilibrium point', it may take 15 to 20 years. There are almost no other publicly investable assets that can match Bitcoin's long-term performance."
