I don't think anyone is bullish enough.
This is the solution to the problem of losing keys and inheritance. Also this will eventually lead to bitcoin-native insurance. You will be able to lock up your BTC and earn yield at a predictable rate in an insured and multi-sig model.
This will remove tons of supply from the market. There will be trillions of dollars of in bitcoin denominated insurance demand potentially. This is not priced in. I think 1 million dollar bitcoin might be the base case.

>>60747279 (OP)

ETFs are basically bitcoin insurance. Also, this is an old narrative from 2017 and 2021, most companies that wanted to be "cryptocurrency insurance" basically collapsed. I guess most people in crypto aren't interested in insuring things. Makes sense, because everything apart from BTC is basically gambling.

>>60747300
ETFs use coinbase which certainly does not have insurance for everything they custody.

>>60747300
>apart from BTC
lel

>>60747279 (OP)
how can you insure btc on chain? if you lose the keys then that’s it. you have no way to prove your identity to the network. insurance could only be provided by a trusted custodian, off chain.

>>60748092
>what is multisig

>>60748617
what does that have to do with anything? maybe I need this explained to me

> he's still think in usd terms
ngl u ngmi

>>60748639
Bitcoin insurance is like 1% a year and they'll probably deny your claim.

To earn yield on BTC it needs to be used for something so multisig cold storage isn't going earn yield.

Maybe you'll let the insurance company partner with your powerplant and bank so the BTC can sit in payment channels or be used as a long position in a discreet log contract to issue stablecoins or something like that

While it'll be huge I bet it'll take 5 years to see any product become available

>>60747279 (OP)
I forget. Didn't Saylor make such a bold prediction at the Bitcoin conference? I might be wrong.

Yields from what

Itll soon coat money to own/store btc and thats when itll begin to fizzle out

>>60747279 (OP)
>MEMECOIN had no LP
>still pumping
>DexTools shows an infinity loop
>chart won't close