Bitcoin is thought by many to have a potential future value of 10 million dollars per coin.
Due to its 21 million hard cap supply and deflationary properties, its true value is drastically undervalued.
Check out the video below (you’re mind will be blown by this new asset class. Start watching at 5:49…)
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Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $1 million within three years or Fundstrat setting a “conservative” price target at $25,000, every crypto influencer had a price target — and most represented significant upside, often in the extremely short-term.
According to Lucid, the ratio of global debt to wealth has spiraled out of control, creating a “grotesque imbalance” of wealth inequality. As of the end of 2018, total world debt was an estimated $247 trillion, compared to $317 trillion in total world wealth. But while global wealth continues to outpace debt, the gap is quickly closing; Over the past 20 years, debt has ballooned by 394 percent, while wealth has climbed just 133 percent.
Were this to occur, the bitcoin price would inevitably enter the stratosphere. But how high could it go? Lucid says that $10 million is a good estimate.
Bitcoin’s next major challenge would come at $100,000, the mark at which it would begin to rival gold as the world’s premier economic hedge. If investors begin to sell gold for bitcoin, the cryptocurrency could quickly eclipse the yellow metal. If not, the path would be slower, though still possible.
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