Microstrategy bought bitcoin in 2020. Two years later an institutional wave of money is now entering.
El Salvador bought bitcoin in 2021, by 2023 a wave of sovereign nations will be buying bitcoin to hold as reserves.
Bitcoins fair value is somewhere between gold and global debt which is between $10 trillion and $200 trillion ($500k to $10 million per coin).
New tech is always overvalued before it is fully adopted just like the dot com bubble in the 90s getting way ahead of itself before most people even had a home internet connection.
Bitcoin will not rise slowly. It will not give people the chance to take their time. It will melt faces off as it leaves everyone behind. A million dollar bitcoin will not take another 10 years, and it doesn't need to be held by five billion people to get there. It will be overvalued well before mainstream adoption takes place.
Once institutional fomo is well underway and sovereign nation fomo is heating up the price will rise by $100k in a month. It took 12 years to go from zero to a one trillion dollar market cap and once we are solidly above one trillion it could reach two trillion in a matter of months.
Bitcoin will find its true value somewhere between $500k and $10 million per coin and it will happen faster than anyone on earth could possibly imagine.
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