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The Chief Investment Officer of Bitwise, a cryptocurrency asset management company managing over $15 billion in client assets, says that Bitcoin $BTC could reach $1 million each.
His reasoning:
Current global store of value market: $38 trillion.
Gold: $36 trillion (95%).
Bitcoin: $1.4 trillion (<4%).
In 20 years (at the gold growth rate): $121 trillion.
If Bitcoin captures 17% market share, then the market cap would be $21 trillion.
$21 trillion ÷ 21 million coins = $1 million/coin.
But I think the key point is whether it can withstand it. Those who bought in 2009 endured a 93% drop in 2011, an 84% drop in 2018, and a 77% drop in 2022.

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