"Eso suena extremo", dijo Sigel, "pero es una tasa de crecimiento anual compuesta del 16% durante un par de décadas... por lo que llegar a millones en el mediano plazo es una decisión de alta convicción". Sigel señaló que tradicionalmente, Bitcoin siempre le ha ido relativamente bien durante períodos de mayor volatilidad del mercado, incluido el proceso electoral. De manera similar, el desempeño de Bitcoin en 2020 también demostró una baja volatilidad antes de las elecciones y luego un aumento de su valor. Si se sigue el patrón, Sigel anticipa una nueva ola significativa de compradores en los días posteriores a las elecciones a medida que aumenta el precio de Bitcoin . When analyzing the global positioning of Bitcoin, Sigel pointed out the limited number of coins which is 21 million, a factor that many people believe makes it a good store of value against currency depreciation. Sigel noted that with the recent addition of Argentina, UAE, and Ethiopia to the BRICS countries, there was a growing interest in Bitcoin as a dollar substitute in emerging markets. Member countries of the BRICS have been looking for ways to trade, with Bitcoin coming up as an option. For instance, Russia is using its sovereign wealth fund to invest in regional projects that can include Bitcoin mining and AI infrastructure and is planning to use Bitcoin for some part of the trade settlements. Sigel further stated, “So there is tremendous urgency outside of the US to find a way to circumvent the irresponsible fiscal policy that we’ve been running here in the US.” Sigel also served a word of caution to the United States, noting that if the country fails to embrace these dynamics, then it may risk losing influence in the global financial system. In the case where the BRICS countries are to solidify the usage of Bitcoin as a reserve asset, the U.S. may experience a strategic threat in the long term. In response to a question on the possible future price of Bitcoin, Sigel remained hopeful, citing historical rally data. The least rally from the bottom to the peak for Bitcoin was about 2000%. Even a 1,000% gain would bring Bitcoin’s price to nearly $180,000. He believes the post-election environment could be the biggest driver for Bitcoin in the near future, and the cryptocurrency may surge to highs of $200,000 in the future cycles.BRICS expansion could catalyze global Bitcoin adoption