In this global macro update, Nik Bhatia explores bitcoin's path to and beyond $1M.
It seems impossible.
Until you look at the size of the total global asset pie. And how little of it bitcoin takes.
For instance, if just 5% of assets
shifted into bitcoin, it would result in a bitcoin market cap of $45T, translating to a value of over $2 million per bitcoin.
But bitcoin’s journey to $1M+ won’t just happen from capital rotation. It’ll be fueled by new credit creation.
When you think about what happens as the
size of the pie expands and bitcoin's percentage of that pie grows in tandem...