I used to think $1 million per bitcoin was a fantasy, now it seems highly logical and almost conservative.

Many investors who previously had 5% of their networth in gold are allocating an additional 5% of their net worth to bitcoin. Investors are starting to allocate the same amount of capital to bitcoin as they have allocated to gold.

Golds market cap risisng from $10T to $25T is a given during a period of high inflation and financial uncertainty, and if investors are allocating the same amount to both gold and bitcoin then theres nothing to stop bitcoins market cap also rising to $25T.

That would mean a 25x rise from this point and price per bitcoin above $1 million.

Investors simply allocating the same percentage of their networth to bitcoin as they do to gold in an inflationary environment could easily mean a bitcoin price above $1 million.

Submitted April 20, 2022 at 02:00PM by slvbtc https://ift.tt/6LQkyro