Bitcoin News Today: Willy Woo Calls Bitcoin the Perfect Asset for Next 1,000 Years

Willy Woo, a long-time Bitcoin advocate, has reiterated his belief that Bitcoin is the “perfect asset” for the next 1,000 years, though he emphasized that its potential to surpass traditional assets such as the U.S. dollar and gold is conditional on continued capital inflows. Speaking at the Baltic Honeybadger conference in Riga, Latvia, Woo highlighted that for Bitcoin to fulfill its role as a transformative monetary asset, it needs to attract significantly more investment to rival the U.S. dollar in terms of market influence [1]. Currently, Bitcoin’s market cap stands at $2.42 trillion, compared to gold’s $23 trillion and the U.S. dollar’s money supply of $21.9 trillion.

Woo noted that Bitcoin’s structural advantages — including its decentralized nature and fixed supply — make it a superior store of value and hedge against inflation compared to traditional assets [1]. However, he warned that the asset’s future is contingent on its adoption and integration into mainstream financial systems, as well as the structure of Bitcoin treasury firms. He expressed concerns over the lack of transparency in the debt structuring of these firms, warning that weak players could collapse and result in significant losses [1]. He also pointed out that altcoin treasuries are following similar strategies, which could lead to another market bubble.

The panel discussion also explored the risks associated with institutional adoption of Bitcoin. Woo noted that many institutional investors are not opting for self-custody but instead are using spot Bitcoin ETFs or institutional custody solutions such as Coinbase Custody. He warned that this concentration of Bitcoin within the reach of nation-states increases the risk of government-led asset seizures, or “rug pulls,” at a national level [1].

While Woo raised these concerns, he acknowledged that companies remain the most logical starting point for Bitcoin adoption. Blockstream CEO Adam Back argued that businesses should use Bitcoin’s expected returns as a benchmark for their own investments, stating that if a company cannot outperform Bitcoin, it should consider investing in it [1]. Back emphasized that companies with strong core operations can still thrive by integrating Bitcoin into their portfolios without relying solely on it.

The discussion also touched on the gradual shift toward self-custody of Bitcoin, with Debifi’s Max Kei noting that as companies become more familiar with self-custody solutions, individuals within those organizations will follow suit. This transition could eventually lead to widespread adoption of self-custody practices among the general public.

Woo’s views should be understood as part of a broader analytical framework, rather than definitive predictions. While he presents a compelling case for Bitcoin’s long-term value, it is important to distinguish between his forecasts and actual market developments. As such, any discussion of Bitcoin’s future should include clear attribution to the analyst’s perspective rather than presenting it as fact [1].

Source:

[1] Bitcoin is the 'perfect asset' for the next 1,000 years: Willy Woo (https://cointelegraph.com/news/bitcoin-the-perfect-asset-for-1000-years-willy-woo)