Bitcoin Could Hit $1 Million In The Next Decade Under One Condition
Bitcoin‘s third halving concluded a couple of days ago, and analysts are filling the crypto market with all kinds of more or less optimistic predictions regarding the price of Bitcoin from here.
During the past days, BTC witnessed massive volatility and at the moment of writing this article, the most important coin out there is trading in the green and it’s priced at $8,892.82.
PlanB says he might have to disappear
PlanB is a popular quantitative analyst who became famous in the crypto community after applying the S2F ratio to Bitcoin.
He said that he would probably have to disappear if his controversial predictions are validated.
During a new interview, he said that his forecast which says that BTC will hit $1 million over the next ten years, will come true if the king coin can overtake the US dollar’s status as the global standard of money.
Future political landscape if Bitcoin model is successful
He also made sure to point out the fact that if this happens, the political landscape will definitely not be a pretty view.
“A lot of people think I go dark when the model breaks, when they shout at me for being wrong. That’s not the case. I think I’ll stay then, because we’ll need a different model. I will go dark if the model is successful, because if the model is successful it will not be a pretty picture,” he said.
He continued and explained, “It will be nasty. It will be, maybe, war. It will be some people have Bitcoin, some people don’t have Bitcoin. It will be some countries have Bitcoin, others won’t have Bitcoin. It will be the US dollar losing its reserve status. It will be geopolitical. It will be military.”
He concluded by saying that Bitcoin will definitely outlive the US dollar.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.