Willy Woo Calls Bitcoin the Perfect Asset for the Next Thousand Years

Willy Woo calls Bitcoin the “perfect asset” for the next 1,000 years but warns of corporate treasury, ETF, and state-level risks to adoption.

Bitcoin needs bigger capital flows to rival USD and gold

At the Baltic Honeybadger conference in Riga, Bitcoin investor Willy Woo said that BTC is the “perfect asset” for the next 1,000 years. However, he stressed that Bitcoin cannot compete with the US dollar or gold without attracting far greater capital inflows.

Currently, Bitcoin’s market cap stands at $2.42 trillion — less than 11% of gold’s $23 trillion market and below the US dollar’s $21.9 trillion money supply.

Woo noted that corporate Bitcoin treasury firms are accelerating adoption but warned of two major risks.

Risks from corporate treasuries and state influence

The first is the lack of transparency in debt structures of such firms, which could cause weaker players to collapse, triggering a “Bitcoin treasury bubble.”

The second is the growing concentration of BTC within the reach of governments via spot ETFs and pension funds using custodial solutions like Coinbase Custody. This, Woo said, raises the risk of state-level asset seizures.

Woo pointed out that wealthy investors prefer exposure through ETFs or corporate structures rather than self-custody, which fuels adoption but also increases systemic vulnerabilities.

Future of self-custody and Bitcoin in business

Debifi CEO Max Kei said self-custody will gradually spread from major custodians to everyday users.

Blockstream CEO Adam Back argued that companies remain the most logical entry point for mass Bitcoin adoption. He added that if a business cannot outperform BTC, it should hold Bitcoin and integrate it into its operations.