So, judging what dedollarization is doing to silver and gold price, why should not we assume Bitcoin will reach a price of 1 million before the year 2030, given it's a deflationary asset, meaning it must go up, as the value of fiat goes down?
The only argument I see is the one regarding diminishing returns as the market cap grows. However, we know for sure the money printers never stop, the M2 supply grows, fiat loses value by the day, trust in the dollar is falling, the debt grows FASTER than it is being repaid. Current growth is at around 2 trillion a year, meaning the deficit spending is around 2 trillion.
Current debt spiral isn't really sustainable and the dollar will eventually collapse. The imminent collapse can be seen in geopolitical events and charts about economics and resource control by rivals of the US.
The smart people buy and HODL, and there are companies like Strategy that do the same. Less and less of Bitcoin is available, the supply is finite, demand is either stable or grows and never falls significantly in the long-run.
New ATHs are constantly being reached, with all doom and gloom forecasts always being refuted the the BTC price chart.
The guaranteed growth of deflationary assets is due to the fact fiat system are debt-based, meaning DEVALUATION MUST BE HAPPENING so the debt can constantly get cheaper so governments can prevent a bankruptcy on the expense of the average person, taxpayer.
Man, even silver defeated literally every single TradFi forecast for the year 2025.
What do you think? If hoarding and HODLing by treasuries like Strategy continues and demand stays the same or even grows, I don't see why BTC wouldn't reach 1M before 2030.
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