• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year ago

  1. Bitcoin Perspectives
  2. Power Law Model
  3. Long-term Bitcoin Views


    4. 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin and Altcoins Experience High Kimchi Premiums in South Korea

chest

Bitcoin and several altcoins are trading at notable kimchi premiums on South Korean exchanges.

user avatarKenji Takahashi

URPD Insights Reveal Potential Market Stabilization for XRP

chest

The URPD metric indicates that XRP could face pressure towards 1.77, with a potential drop to 0.79 being plausible under sustained corrective conditions.

user avatarMaria Fernandez

Dogecoin Faces Critical Support Test Amid Market Volatility

chest

Dogecoin is currently testing critical support levels after breaking below a significant diagonal support trendline.

user avatarGustavo Mendoza

Digitap TAP's Presale Success and Community Engagement

chest

Digitap TAP's presale has raised over $26 million, demonstrating strong community engagement and investor confidence.

user avatarMiguel Rodriguez

BlockchainFX Aims to Unify Trading Across Asset Classes

chest

BlockchainFX is creating a multi-asset trading environment that integrates crypto, forex, stocks, and commodities.

user avatarRajesh Kumar

Solana Faces Resistance as Digitap TAP Continues to Thrive

chest

Solana's value has dropped significantly, while Digitap TAP is experiencing growth driven by real business activity.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.