Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.

Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.

Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.

By, say, 2025-2030, I expect that there will be multiple jurisdictions that allow the tokenization of virtually any scarce resource, all the way down to personal tokens.

Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that's purely digital. Bitcoin and ethereum are the canonical.

Conceptually, we believe that embedded mining will ultimately establish bitcoin as a fundamental system resource on par with CPU, bandwidth, hard drive space, and RAM.