How Hyperbitcoinization Can Propel Bitcoin’s Value to $10 Million

by Giorgi Kostiuk

a year ago

Bitcoin Perspectives
Power Law Model
Long-term Bitcoin Views

Analyst Scott Melker and sound money advocate Lawrence Lepard recently discussed the challenges and potential solutions for Bitcoin investors, as well as their long-term views on the asset.

Bitcoin Perspectives

Lepard sees Bitcoin as a transformative and enduring investment, one that could eventually replace traditional forms of money like gold and silver.

Power Law Model

Lepard referenced the power law model, which he considers a reliable indicator. He suggested that Bitcoin’s price could reach hundreds of thousands, then millions, and eventually up to $10 million per Bitcoin over decades as it gains wider adoption.

I actually think the power law is a pretty decent model. I mean, you can’t ignore that. And so, we go to hundreds of thousands, then we go to a million, then we go to 5 million, and then we go to 10 million. I mean, these—and I’m talking decades here, not tomorrow, you know—but decades as this better form of money becomes more widely adopted.Lawrence Lepard

Long-term Bitcoin Views

Lepard clarified that while he manages a gold and silver fund with plans to sell for profit eventually, his approach to Bitcoin is different. He views Bitcoin as a multigenerational asset, intending to hold it long-term. Although he might sell a small portion of his Bitcoin in retirement to cover costs, he believes the monetary premium of gold and silver will diminish over time, while Bitcoin’s value will continue to rise.

Lepard emphasizes that this transition to Bitcoin as a primary form of money will occur gradually over decades, not overnight. He believes that Bitcoin’s superior qualities will inevitably lead to its widespread adoption.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Backpack Exchange Token Launch Set to Transform Trading Landscape

The Backpack exchange is set to launch its highly anticipated token, aiming to transform the trading landscape by combining a noncustodial wallet with a trading venue in the Solana ecosystem.

Aisha Farooq23 minutes ago

Ethereum Foundation Strengthens DeFi Security with SEAL Support

The Ethereum Foundation has officially backed the Security Alliance SEAL to enhance security in decentralized finance.

Tenzin Dorje42 minutes ago

SUBBD Token Transforms Creator Economy through AI Integration.

SUBBD Token has emerged as a significant player in the creator economy, addressing the challenges posed by centralized AI models.

Bayarjavkhlan Ganbaataran hour ago

Bitcoin Bear Market Correction Signals Transition into Deeper Phase

The current bear market for Bitcoin has entered a deeper corrective phase, indicating a transition from an early pullback into a more mature bearish stage.