'Absurd' but possible? Croesus_BTC calls $10 million BTC 'conservative estimate.'
) can hit $10 million per coin or more as it eats 25% of the global wealth, new analysis has concluded.released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target.Bitcoin may struggle with “brutal” volatility, but hodlers and critics alike should be in no doubt about its long-term price trajectory, Myers says.
Among other reasons, this is because an asset with such appreciation characteristics and increasing scarcity allows it to fulfill the role of ““Bitcoin has an unthinkable property: it gets more valuable over time. Gold is good at storing purchasing power, but Bitcoin grows purchasing power,” the blog post reads.
Such an idea is not new — it forms the core thesis of many popular takes on Bitcoin, among them Saifedean Ammous’ seminal book, “The Bitcoin Standard.” That realization, Myers forecasts, means that $10 million per bitcoin should be a “conservative estimate.”
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