World’s ‘Smartest’ Man Bets It All On Bitcoin, Predicts 100X Surge

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Young Korean Hoon Kim, who claims a 276 world record IQ, has converted all his assets to Bitcoin, predicting that crypto could surge 100 times over the next decade.

“As the world’s best IQ record holder and the grandmaster of memory, I believe Bitcoin is our only hope for the economy of the future,” Kim said. I wrote it So I converted all my assets to Bitcoin. ”

He also predicts that American Bitcoin, a mining company backed by Eric and Donald Trump Jr., became the largest company in the world and called it “the smartest company in the world.”

Kim says Bitcoin is the ultimate reserve asset

There are many bold predictions for Bitcoin’s future prices, and most analysts hope that its rise will be driven by institutional adoption, devaluation of fiat currencies like the dollar, and by investors buying as a hedge against inflation.

However, few analysts are seeing a 100x rise, making one Bitcoin worth $1,1293 million at its current price.

“Future Economy: My theoretical analysis shows that within the next 10 years, Bitcoin will increase at least 100 times and will be universally adopted as the ultimate reserve asset,” Kim wrote in another post in X.

Following an increase of over 1% over the last 24 hours, Bitcoin price was $112,931 as of 7:11am on EST, CoinMarketCap data is shown.

BTC Price Chart

BTC price (source: coinmarketcap))

Despite the recent rise, Crypto’s prices are above 8% from the all-time high (ATH) of $124,457.12, which reached August 14th.

Is Kim’s claim legal?

Kim says he holds a world record IQ of 276. This is more than 100 points higher than the 160 IQ believe Albert Einstein would have had it. He also claims to be an epic master of memory.

However, despite reports of recognition by Mensa, Yale’s clinical neuroscientists, official world records and World Memory Championships, independent verification of his qualifications has proven difficult to find, Vice.com reported.

Some experts say he claims his claim IQ is incredibly high.

Kim predicts that American Bitcoin will become a major company

Still, Kim also said that American Bitcoin “will become the world’s number one company due to its market capitalization.”

That’s after he met with Bitcoin President Matt Prusac.

“Bitcoin in America will become the smartest company in the world and play a key role for Maga,” Kim said last week.

The company was founded in March this year by the US president’s sons Eric and Donald Trump Jr. There is also a partnership with Hut 8 Mining, which provides mining infrastructure for American Bitcoin.

As part of the transaction, Trump is a minority shareholder in American Bitcoin. Gemini co-founders Cameron and Tyler Winklevoss have It is reportedly He also supported the company.

Apart from Bitcoin mining, the company is also actively growing its own BTC Ministry of Finance.

Data from Bitcoin’s Treasury shows that US Bitcoin currently holds 2,443 BTC on its balance sheet. It ranks as the 30th largest BTC finance company worldwide.

Top 30 Bitcoin Finance CompaniesTop 30 Bitcoin Finance Companies

Top 30 Bitcoin Finance Companies (Source: Bitcoin Treasures))

American Bitcoin recently completed a merger with NASDAQ-registered Gryphon Digital Mining. This was done in place of an initial public offering for American Bitcoin to quickly track access to open market funding.

The merger closed earlier this month, with the new combination entity beginning trading on NASDAQ on September 3 under the ticker “ABTC.”

The company’s share price has exceeded 14% since trading on NASDAQ began at ABTC. Most of this loss occurred during this period when the stock price fell above 8%, causing most of this loss. data From Yahoo Finance Shows.

ABTC has increased by more than 2% during pre-market trading today.

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