Some may scoff at Myers for saying Bitcoin at $10Ml is a conservative estimate but add in scarcity and a world’s population and it really isn’t crazy to think of

Bitcoin eyes 25% of world’s wealth in new $10M BTC price prediction

“Getting down to the numbers, meanwhile, Myers calculates the global allocation into BTC as 0.05% of available wealth as of 2023 — $400 billion.

‘That’s 1/2000th of global asset value,’ the post continues.

‘With that in mind, we have to ask ourselves an important question: when Bitcoin’s mechanics continue to play out (causing it to continue appreciating reliably in value every 4 years), will more than 0.05% of the world’s capital eventually realize it wants to be in an asset like that? I think the only logical conclusion is ‘yes.’’
That realization, Myers forecasts, means that $10 million per bitcoin should be a ‘conservative estimate.’

‘Overall, my personal assessment of where the ceiling is for Bitcoin is simple… it’s very high. Almost to the point that I’m embarrassed to show my analysis,’ he concludes.

‘My conservative estimates suggest an outrageous full potential for Bitcoin’s price: $10m/Bitcoin, in today’s dollars. To put this another way, I believe Bitcoin’s full potential is to eat ~25% of the world’s value… while today it constitutes just 0.05%. That’s absurd. That means that I believe Bitcoin could 500x over the coming decades, in real (inflation-adjusted) terms.’”

https://cointelegraph.com/news/bitcoin-eyes-25-of-world-s-wealth-in-new-10m-btc-price-prediction

https://jessemyers.substack.com/p/bitcoins-full-potential-valuation