Is it realistic for #Bitcoin to reach $100,000 per coin during this halving cycle?
Time for a thread. 👇👇👇
1/ PlanB (@100trillionUSD ) stock to flow model is targeting #Bitcoin to stabilize around $100,000 by the end of this halving cycle.
So far so good.
2/ The 3rd halving happened 100 days ago. Since then #BTC has gained 25%.
But to get to $100,000 we’ll need to see a total growth of 10x.
That’s still a long way to go.
3/ But applying the growth of the previous halvings to this cycle shows how fast #Bitcoin can rise in a short amount of time.
Even for the lower range of growth we would expect to hit $100,000 within two years.
4/ But what does it means for one #BTC to be worth $100,000?
Let’s put that number in context...
5/ Currently at $12k, #Bitcoin has a market cap larger than Jeff Bezos net worth but slightly smaller than the market cap of JPMorgan.
6/ At $23,000 #Bitcoin will be the same size as Visa.
That’s just above the all time high #BTC value of 2017.
7/ At $40,000 #Bitcoin will be worth the same as Facebook.
That’s still short of $1 trillion...
8/ With #Bitcoin at $100,000 its market cap would be the same as Apple.
How much money is that?
About $2 trillion...
9/ Next step is gold at almost $500,000. But it is unlikely #Bitcoin will get there during this cycle.
Still, check out the chart to get an idea of the scale 👇
10/ So should #Bitcoin be worth at least as much as Apple?
I’ll let you be the judge of that.
But if you think that Bitcoin is digital gold, then its market cap should reflect that.
More on this here 👇 ecoinometrics.substack.com/p/ecoinometric…
Final words/
If you want to see more charts and get my insights on #Bitcoin's place in the future of finance then subscribe to the Ecoinometrics newsletter.
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