An Unbelievable Bitcoin (BTC) Price Forecast From Analyst: $10 Million! Here is the Date Given

fund manager and Bitcoin (BTC) Expert advisor Jesse Myers made interesting statements about the BTC price in his statement.

“If Bitcoin Ingests 25 Percent of Global Wealth, It Could Be $10 Million”

In his blog post, the analyst argued that Bitcoin could eventually reach 25% of the global wealth, and that the price of BTC could reach approximately 10 million dollars.

The analyst expressed his thoughts in his article as follows:

“To put it another way, I believe the full potential of Bitcoin is to swallow ~25% of the world’s value… Today it only accounts for 0.05%. This is ridiculous. This means that I believe Bitcoin could rise 500 times in real (inflation-adjusted) terms in the coming decades.”

However, Myers states that this analysis is not guaranteed and adds:

“This is by no means a guarantee, but I think the probability of it happening is higher than the probability of not happening…

Even if you think that the analysis here is only 10% likely to be correct, that means your expected value for Bitcoin is 50 times. If this all sounds crazy to you (which it probably is), it might be helpful to come up with your own numbers by swapping out my numbers.

When you find your answer, be sure to sit back and ask yourself: “Do I have enough Bitcoin?”

According to the analyst, Bitcoin has a unique appeal because its market has to absorb half of the new supply from “mining” every four years.

BTC price is hovering around $ 23,830 at the time of this writing. An approximately 500-fold rise from these levels is required to reach the analyst’s forecast.

*Not investment advice.

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