Bitcoin eyes 25% of world's wealth in new $10M BTC price prediction
Bitcoin can see its market cap increase 500 times over, Jesse Myers believes, thanks to its inherent scarcity and other traits. Bitcoin (BTC) can hit $10 million per coin or more as it eats 25% of the global wealth , new Analysis has concluded. In a blog post released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target. Myers: "Bitcoin could 500x over the coming decades" Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory, Myers says. Analyzing Bitcoin’s value proposition, he argues that Bitcoin’s ability to appreciate over time means that it is all but destined to suck in value from other asset classes. Among other reasons, this is because an asset with such appreciation characteristics and increasing scarcity allows it to fulfill the role of “digital gold.” “Bitcoin has an unthinkable property: it gets more valuable over time. Gol...