Bitcoin Price Will Crush $10,000,000 Per BTC, Says Hedge Fund Manager Jesse Myers – Here’s His Timeline

Hedge fund manager Jesse Myers believes Bitcoin is headed for a staggering $10 million per BTC.

In a new interview with Coin Stories, Myers breaks down the math and timeline behind his big prediction.

Myers says that Bitcoin appears as a hard and small store of value in a world of ever-increasing debt and currency devaluation.

“We have now entered an era where the value proposition for holding bonds or holding fiat money is very poor, because the national debt and the unfunded liabilities going forward are going to require a level of printing that will exceed the nominal return on holding bonds.

It’s the only way out we have. We now have $31 trillion of national debt, $170 trillion of unfunded liabilities in the United States alone.

Then you are talking about 3 trillion dollars a year in interest expenses when we already have a deficit of several trillion dollars in our budget. So you’re talking about something like $4 trillion in deficits going forward that you have to print to make up…

So that’s what Bitcoin is competing with as the lowest-hanging fruit, I think, in terms of where people have their value parked.”

Myers says that Bitcoin competes in an asset world that is about $900 trillion in size, with a current level of global crypto adoption that is far less than some analysts believe.

“It’s a question of how much Bitcoin can win, how much value Bitcoin can actually take here. It is currently a $400 billion asset in a $900 trillion ocean. That means it’s 1/2000th of the world’s value, and that means the world collectively has an allocation of 0.05% percent to Bitcoin.

Myers says Bitcoin’s maximum supply of 21 million BTC will create a massive supply shock as the leading cryptocurrency’s adoption rate increases.

He then breaks down the math that brings him to $10 million per BTC in today’s dollar terms, which centers on Bitcoin capturing half of gold’s market value as well as additional percentages of the world’s best store of value categories.

As for his timeline, Myers says the key factor is how long it will take for the general public to gradually learn more about Bitcoin and understand its true value proposition. He believes his course goal will become a reality over the next few decades.

“I think we’ve entered the Bitcoin era, where having BTC as an important if not primary pillar of your personal savings strategy is the winning formula. And it will take a generation for people to really get the picture.

So when I say that Bitcoin has, I think, a conservative chance of becoming $10 million dollars per coin in today’s dollars, that means going from 0.05% of the world’s value to 25% of the world’s value.

Bitcoin is just going to soak it in, consume it like a black hole. That’s what I think we’ve started now, and it will only be very clear in hindsight that it’s the mechanics that played right in front of people’s eyes while everyone was convinced that this was just monopoly money.”

As for the potential risk to Bitcoin’s future, Myers says regulatory roadblocks are a major concern.

He also believes that Bitcoin’s virality is the key to its future, and that it is important for those who understand the benefits of spreading the word and educating the next wave of investors.

You can check out the full interview here.

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