Here's what the article explained.
https://finance.yahoo.com/news/prediction-bitcoin-could-worth-20-090000591.htmlDuring the past decade, Bitcoin has transformed from a digital currency into a unique, standalone asset.
If Bitcoin is truly digital gold, as some think, it could skyrocket in value to $20 trillion from its current $2 trillion.
Over time, Bitcoin should become less volatile, as more investors view it as a stable, long-term investment.
Now here's the million-dollar question, do you guys think that’s possible at this pace?
Right now the total market cap is around $2 trillion. So if we’re talking 10x, that means Bitcoin would be trading at $1 million per coin.
Sounds kinda wild, right? But do you think there's any chance this could happen in the next 5 years? Or is this just one of those crypto fairy tales we keep telling ourselves to sleep better at night?
In 2017, we didn't even think that the price is going to close to almost $20k. And then in 2021, we thought that we will have a new all time high of $100k, but it didn't happen. My point is that we really can't predict what will be the price in the future. So let's say that there could be a possibility that somewhere in the future, we might hit that numbers. And looking at today, Bitcoin has grown to much that it's too big to fail. And with institutional investors coming in, everything is beyond our imagination, maybe $500k in the next halving and then $1 million in the next for all we know.
And with the supply getting scarce, and people realizing how valuable it can be, so they invested on it pushing the price. Again, this is hypothetical, but there could be a time that we might be in parity with Gold.