Bitcoin
The Case For A Future Valuation Of $1 Million
Published
5 months agoon
By
admin
Since November 5, the day President-elect Donald Trump secured another term in office, Bitcoin has experienced a remarkable uptrend, reaching a new all-time high of $93,300.
Since then, BTC has been trading within a narrow range between $89,000 and $92,000, positioning for a potential move toward the $100,000 milestone. This raises an intriguing question whether a price of $1 million per coin is feasible over the next decade.
A Long-Term Vision For Investors
Market expert VirtualBacon has conducted an in-depth analysis of these possibilities, delving into the numbers, trends, and catalysts that could propel Bitcoin to experience a surge of nearly 1,000% from its current price levels.
Within the current market cycle, the expert forecasts that Bitcoin could hit $200,000 in the next one to two years. However, he notes that while this milestone is significant, altcoins may offer higher returns at a greater risk, often crashing by 80% to 90% in bear markets.
In contrast to altcoins, which face increasing regulatory scrutiny, Bitcoin stands out as a safer long-term investment. VirtualBacon argues that Bitcoin’s potential is not just confined to the next few years but spans a decade or more.
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To understand why Bitcoin’s price could reach $1 million, VirtualBacon asserts that investors need to consider its fundamental utility as a store of value. Bitcoin’s fixed supply of 21 million coins, its global accessibility, and its resistance to censorship and manipulation make it a compelling alternative to traditional financial assets.
The expert suggests that if Bitcoin is to become recognized as the digital gold of the 21st century, reaching a market capitalization that rivals gold’s estimated $13 trillion is not merely a theoretical possibility but “a logical outcome.”
Key drivers for this potential growth include increasing participation from asset managers, corporate treasuries, central banks, and wealthy individuals. Recent data indicates that Bitcoin ETFs have seen record inflows, with $1 billion invested last week, reflecting growing institutional confidence.
Additionally, discussions among corporations, such as Microsoft considering Bitcoin reserves, further enhance its strategic value. Wealthy individuals are also beginning to adopt Bitcoin as a standard portfolio allocation, with even a modest 1% investment becoming commonplace among billionaires.
What Does Bitcoin Need To Reach $1 Million?
For Bitcoin to reach the $1 million mark, two critical factors must be analyzed: global wealth growth and portfolio allocation. VirtualBacon notes that in 2022, total global wealth was estimated at $454 trillion, and projections suggest this could grow to $750 trillion by 2034.
Currently, gold holds approximately 3.9% of global wealth, while Bitcoin is at a mere 0.35%. If Bitcoin’s allocation in global portfolios rose to just 3%, still significantly below gold’s share, its market cap could soar to $20 trillion, pushing the price to $1 million per coin.
Historically, gold’s market cap saw significant growth following the launch of exchange-traded funds in 2004, with its portfolio allocation increasing from 1.67% to 4.74% over the next decade.
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If Bitcoin follows a similar trajectory, its allocation could rise from 0.35% to 1.05% or more, translating to a market cap of approximately $7.92 trillion, equating to about $395,000 per Bitcoin. Therefore, reaching $1 million doesn’t require Bitcoin to surpass gold; it must capture about 57% of gold’s projected market cap by 2034.
With gold representing 4.7% of global portfolios compared to Bitcoin’s 0.35%, a modest increase in Bitcoin’s share of global wealth to 3%—just 60% of gold’s allocation—could “easily” result in a $20 trillion market cap and a $1 million price point.
At the time of writing, BTC is trading at $92,240, up 7% every week.
Featured image from DALL-E, chart from TradingView.com
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Bitcoin
Metaplanet Buys Additional ¥3.8 Billion Worth Of Bitcoin
Published
41 minutes agoon
April 14, 2025By
admin
Japanese technology firm Metaplanet has acquired an additional 319 bitcoin worth approximately ¥3.78 billion ($26.3 million), continuing its aggressive bitcoin accumulation strategy amid growing U.S.-China trade tensions.
The Tokyo-listed company purchased the bitcoin at an average price of ¥11.85 million ($83,147) per coin, according to a company announcement on Monday. The latest acquisition brings Metaplanet’s total bitcoin holdings to 4,525 BTC, with an aggregate cost basis of $408.1 million at an average purchase price of $90,194 per bitcoin.
The purchase comes as bitcoin experienced a slight decline over the weekend, dropping more than 2% to $83,482 during Asian trading hours. The bitcoin and crypto market has shown sensitivity to emerging geopolitical tensions, particularly surrounding potential new U.S. trade tariffs targeting Chinese electronics.
Metaplanet often referred to as “Asia’s MicroStrategy,” has outlined ambitious plans to expand its bitcoin holdings by 470% to reach 10,000 BTC by the end of 2025 and 21,000 bitcoin by the end of 2026. The company evaluates its performance through “BTC Yield,” a metric measuring bitcoin holding growth relative to shares outstanding. For Q1 2025, Metaplanet reported a BTC yield of 95.6%, with a year-to-date figure of 6.5% as of April 14.
The company’s latest move has elevated its position to become the ninth-largest public holder of bitcoin globally. Metaplanet’s bitcoin strategy has gained additional attention following the recent appointment of Eric Trump to its Strategic Advisory Board, citing his business expertise and passion for bitcoin. The timing of the purchase coincides with complex market dynamics as investors process mixed signals from Washington regarding U.S. trade policy.
Metaplanet’s bitcoin acquisition strategy is supported by various capital market activities, including bond issuances and stock acquisition rights, designed to raise funds while minimizing shareholder dilution. The company has currently executed approximately 41.7% of its “210 million plan.”
Metaplanet’s strategic pivot to bitcoin accumulation closely mirrors the playbook pioneered by Michael Saylor’s Strategy, albeit on a smaller scale. Since launching its bitcoin treasury operations, the Japanese firm has demonstrated remarkable success in implementing a similar approach of leveraging financial instruments and market opportunities to acquire bitcoin.
Like Strategy, Metaplanet has utilized a combination of convertible debt offerings and equity-linked instruments to fund its acquisitions while maintaining a healthy balance sheet. The strategy has yielded impressive results, with the company’s bitcoin holdings growing to over 4,500 BTC in just over a year.
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Bitcoin
Crypto Trader Unveils Massive Bitcoin Price Target Amid Extended BTC Bull Market – Here’s His Outlook
Published
3 hours agoon
April 14, 2025By
admin
A widely followed crypto strategist believes that Bitcoin (BTC) can take the path of higher for longer this market cycle.
Pseudonymous analyst Jack tells his 268,200 followers on the social media platform X that he thinks Bitcoin will not print a new all-time high this year after US President Donald Trump instigated a global trade war and created uncertain market conditions.
The trader shares a chart suggesting that Bitcoin will create a durable bottom between $66,000 and $80,000 for the rest of the year before launching a new bull run in 2026.
“Trump path clearly is contraction for now.
But in that world of less globalization and trust, Bitcoin is a good asset to have, becoming a ball held under water.
Similar to how 2013 saw a short bear [market].”
Looking at the trader’s chart, he appears to suggest that Bitcoin will rally to as high as $297,000 by November of 2026.
Jack says that one catalyst that could send Bitcoin flying is the potential capital rotation from gold to BTC. According to the trader, gold investors will eventually come to know that Bitcoin is far better than the precious metal as a safe-haven asset.
“What if Gold is trading like it is because everyone is scrambling to redeem paper for physical, of which there is a scarcity, vs. all the paper that has been issued, essentially catching up to its true value that has been diluted with paper
Bitcoin doesn’t have this issue and will rally once people realize it is the better alternative for trade due to this very specific property.”
“Paper” gold refers to financial instruments that allow investors to gain exposure to the precious metal without having to deal with the expenses or logistics of physically possessing the commodity. Jack appears to be highlighting Bitcoin’s portability as BTC holders can easily store, access and transfer their coins as long as they have the keys to their wallet.
At time of writing, Bitcoin is trading for $84,244.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
Michael Saylor Teases New Bitcoin Buy After Strategy’s $7.69 Billion Q1 BTC Buying Spree
Published
7 hours agoon
April 14, 2025By
admin
Bitcoin (BTC) proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings.
The company has added 80,785 BTC to its balance sheet since the beginning of the year after raising a total of $7.69 billion during the first quarter, with over half of that coming from common stock sales. Most, if not all, of those funds were used to buy bitcoin.
On Sunday, Saylor posted a BTC holdings tracker to X, a move that typically precedes a purchase announcement, commenting there are “no tariffs on orange dots.” The comment implies the company’s BTC purchases were unaffected by the reciprocal tariffs Donald Trump introduced earlier this month and the ensuing U.S.-China trade war.
The company paused its buying during the week ending April 6. Its crypto stash is currently worth roughly $44.59 billion, and was acquired for $35.63 billion.
Strategy currently holds 528,185 BTC bought at an average price of $67,458 according to Bitcointreasuries data equivalent to 2.515% of the cryptocurrency’s total supply.
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