--- title: "Meaning & Key Takeaway of: I think the technology will get bigger…" description: "\"I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to s..." image: "https://sms4smile.com/quotes/i/2c1/olaf-carlson-wee-27882_bitcoin_i-think-the-technology-will-get-bigger-a_2197227.jpg" --- # I think the technology will get bigger and the price of… ![“I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. I intend to hold it until there's a day where I can just use Bitcoin completely.” quote by Olaf Carlson-Wee](https://sms4smile.com/quotes/i/2c1/olaf-carlson-wee-27882_bitcoin_i-think-the-technology-will-get-bigger-a_2197227.jpg) [Download](https://sms4smile.com/quotes/i/2c1/olaf-carlson-wee-27882_bitcoin_i-think-the-technology-will-get-bigger-a_2197227.jpg) [Open image](https://sms4smile.com/quotes/i/2c1/olaf-carlson-wee-27882_bitcoin_i-think-the-technology-will-get-bigger-a_2197227.jpg) > “I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. I intend to hold it until there's a day where I can just use Bitcoin completely.” [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Speculation on Bitcoin’s price rise leads to holding it as a future everyday currency, not for resale. **In simple terms:** Holding Bitcoin for future use. Key Takeaway Buy and hold for utility. Themes investment cryptocurrency speculation future value Mood cautious optimistic Type financial speculative When to use this quote - personal finance planning - risk assessment - long‑term investing Key Concepts Bitcoin adoption store of value digital payments Questions to Reflect On - Will Bitcoin become a stable medium of exchange? - What risks do you see in holding long term? A Different Perspective Bitcoin’s volatility may undermine practical use. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Currency](https://sms4smile.com/quotes/about/currency/) [Day](https://sms4smile.com/quotes/about/day/) [Power](https://sms4smile.com/quotes/about/power/) [Technology](https://sms4smile.com/quotes/about/technology/) ## Related quotes > [The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.](https://sms4smile.com/quotes/fred-ehrsam/the-ability-to-easily-buy-and-sell-bitcoin-has-been-a-really-key/) [Fred Ehrsam](https://sms4smile.com/quotes/author/fred-ehrsam/) > [The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you…](https://sms4smile.com/quotes/max-keiser/the-bitcoin-protocol-is-about-mining-bitcoin-not-pricing-bitcoin/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [Because the supply of Bitcoin is limited, the price of Bitcoin is going to have to increase and increase very substantially over time. My…](https://sms4smile.com/quotes/roger-ver/because-the-supply-of-bitcoin-is-limited-the-price-of-bitcoin-is/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [I view Bitcoin as the more democratic version of money and value transfer because no one controls it... I expect the Internet to be…](https://sms4smile.com/quotes/olaf-carlson-wee/i-view-bitcoin-as-the-more-democratic-version-of-money-and-value/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens…](https://sms4smile.com/quotes/olaf-carlson-wee/polychain-is-investing-in-blockchain-assets-we-do-not-invest-in/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [I've been through a lot of moments when other people thought Bitcoin was going to implode, and in those instances, I generally have seen…](https://sms4smile.com/quotes/olaf-carlson-wee/i-ve-been-through-a-lot-of-moments-when-other-people-thought-bitcoin/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Taxes have been complicated. Every single time I spend a Bitcoin, it's a taxable event. It's like I bought and sold an asset. It…](https://sms4smile.com/quotes/olaf-carlson-wee/taxes-have-been-complicated-every-single-time-i-spend-a-bitcoin-it-s/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain…](https://sms4smile.com/quotes/olaf-carlson-wee/there-will-be-many-types-of-assets-codified-into-the-blockchain-and/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum. For the first time, open-source project creators can…](https://sms4smile.com/quotes/olaf-carlson-wee/application-specific-tokens-or-app-tokens-are-built-on-top-of/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) ## More by Olaf Carlson-Wee > [In a world with many blockchains and hundreds of tradable tokens built on top of them, entire industries are automated through software, venture capital…](https://sms4smile.com/quotes/olaf-carlson-wee/in-a-world-with-many-blockchains-and-hundreds-of-tradable-tokens/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [This is unproven technology, and if you don't know what you're doing, you shouldn't interact with tokens - from an investor and security perspective.](https://sms4smile.com/quotes/olaf-carlson-wee/this-is-unproven-technology-and-if-you-don-t-know-what-you-re-doing/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [For the first time, entrepreneurs can monetize their own open-source and peer-to-peer network. They can crowdfund and raise money from people across the world…](https://sms4smile.com/quotes/olaf-carlson-wee/for-the-first-time-entrepreneurs-can-monetize-their-own-open-source/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum. For the first time, open-source project creators can…](https://sms4smile.com/quotes/olaf-carlson-wee/application-specific-tokens-or-app-tokens-are-built-on-top-of/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain…](https://sms4smile.com/quotes/olaf-carlson-wee/there-will-be-many-types-of-assets-codified-into-the-blockchain-and/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [It doesn't always make sense to have a token on the blockchain that is both useful and represents ownership - it has to be…](https://sms4smile.com/quotes/olaf-carlson-wee/it-doesn-t-always-make-sense-to-have-a-token-on-the-blockchain-that/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Taxes have been complicated. Every single time I spend a Bitcoin, it's a taxable event. It's like I bought and sold an asset. It…](https://sms4smile.com/quotes/olaf-carlson-wee/taxes-have-been-complicated-every-single-time-i-spend-a-bitcoin-it-s/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [If the Numerai fund performs well, that should lead to more assets under management, which should lead to more revenue for Numerai's general partner,…](https://sms4smile.com/quotes/olaf-carlson-wee/if-the-numerai-fund-performs-well-that-should-lead-to-more-assets/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [I've been through a lot of moments when other people thought Bitcoin was going to implode, and in those instances, I generally have seen…](https://sms4smile.com/quotes/olaf-carlson-wee/i-ve-been-through-a-lot-of-moments-when-other-people-thought-bitcoin/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are…](https://sms4smile.com/quotes/olaf-carlson-wee/we-are-seeing-more-managed-money-and-to-an-extent-institutional-money/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [We are seeing entrepreneurs issuing their own blockchain-based tokens to raise money for their networks, sidestepping the traditional, exclusive world of venture capital altogether.…](https://sms4smile.com/quotes/olaf-carlson-wee/we-are-seeing-entrepreneurs-issuing-their-own-blockchain-based-tokens/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Polychain is investing in blockchain assets. We do not invest in private companies or hold shares in private companies. We invest purely in tokens…](https://sms4smile.com/quotes/olaf-carlson-wee/polychain-is-investing-in-blockchain-assets-we-do-not-invest-in/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [When decentralized blockchain protocols start displacing the centralized web services that dominate the current Internet, we'll start to see real internet-based sovereignty. The future…](https://sms4smile.com/quotes/olaf-carlson-wee/when-decentralized-blockchain-protocols-start-displacing-the/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [Polychain manages a hedge fund that invests exclusively in digital assets. We invest exclusively in protocols, not companies, and we do this by investing…](https://sms4smile.com/quotes/olaf-carlson-wee/polychain-manages-a-hedge-fund-that-invests-exclusively-in-digital/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) > [For the first time, open source, peer-to-peer protocol developers can monetize their project on a protocol level.](https://sms4smile.com/quotes/olaf-carlson-wee/for-the-first-time-open-source-peer-to-peer-protocol-developers-can/) [Olaf Carlson-Wee](https://sms4smile.com/quotes/author/olaf-carlson-wee/) [Explore all 20 Olaf Carlson-Wee quotes ](https://sms4smile.com/quotes/author/olaf-carlson-wee/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I think the technology will get bigger and the price of Bitcoin will go up, so I'm speculating to increase my purchasing power. But I don't intend to sell the Bitcoin. 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