Guys, 8-9 years ago $1 jumps a day were huge. 5-6 years ago $10-50 jumps a day were huge. 2 years ago $100 jumps a day were huge. And now same is happening with $500-1000 jumps a day. Indicator for where we are heading to?
Anything below 7 digits is undervalued relative to the price a decade or two from now.
A snowball effect where the global Economy adapts Bitcoin as its lifeblood could reasonably see 8 digits within a millenial's lifetime.
The $3m estimate we saw on this thread the other day only considered 10% of M2, so 8 digits are well within current parameters if fiat currencies implode OR the M2 growth rate persists.
If you throw in a century of economic growth then 9 digits could be plausible as well as follows:
Suppose Bitcoin absorbs 10% of M2 and the M2 growth rate of roughly 4% persists for a century.
That would imply 1.04^100 = 50.5x growth over 100 years.
That would bring the 10% estimate from 3m per Bitcoin to 151.5m per Bitcoin 100 years from now.
You'd have to factor out the printing presses, which could significantly drop this number.
But mid to high 8 digits seem anything but ridiculous before the year 2119.