Bitcoin is disrupting traditional offshore wealth protection and asset protection systems.

The wealthiest 0.1% of people spend months on end and hundreds of thousands of dollars in legal fees to set up offshore trusts, holding companies, LLCs and offshore bank accounts managed by foreign law firms and accountants just so they can hold their wealth in a manner that is not subject to the jurisdictional laws of their home country in order to protect their wealth from creditors.

They could achieve exactly the same outcome for free just by moving their wealth into bitcoin and holding that bitcoin in cold storage, because self custodied bitcoin is just as out of reach of a court as an offshore trust. A court has no access to an offshore trust just the same as a court has no access to self custodied bitcoin simply because there is no 3rd party custodian that can be forced to hand over your assets upon request.

The only reason people still go to the trouble of setting up and managing offshore trusts is so they can hold their wealth in dollars. Bitcoin is not yet as desirable due to its volatile nature and uncertain future, but how much longer can that last? Once bitcoin has garnered more certainty, more stability and more legitimacy as an asset class while we see the dollar continue to lose purchasing power there has to come a point where using bitcoin to protect wealth becomes a far better option than using an offshore trust.

This means at some point within this decade we will likely see all of the worlds wealth that is currently held in offshore trusts flow into bitcoin as a superior form of wealth protection. It is estimated that 10% of global GDP is held offshore, that is an astonishingly large percentage of global wealth that will leave traditional offshore structures and move into bitcoin. This alone will leave bitcoin with a larger market cap than gold and likely see bitcoin rise above $1 million per coin.

Offshore trusts, offshore LLCs, offshore bank accounts and offshore accounting firms are going to look like blockbuster by 2030, they are trying to charge a ton of money for a service that bitcoin provides for free.

Bitcoin isnt just disrupting central banks, commercial banks, western union and SWIFT, it is disrupting the age old traditional system of offshore wealth protection and asset protection.

By 2030 wealth protection will be entirely digital and entirely decentralized.