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Asset management giant Fidelity, who currently holds $10.4 trillion in assets under management, projects a $1 million Bitcoin price by 2026, according to Jurrien Timmer, the director of Global Macro at Fidelity Investments.
The explosion in wealth that will occur as BTC gains in value will create a new class of billionaires.
Balaji Srinivasan, who doubled as Coinbase’s first CTO, wrote an article titled “The Billionaire Flippening” articulating what he believes will be the structural societal impact of Bitcoin’s ever-increasing price.
He says that when bitcoin hits milestones like $100,000, there will be as many bitcoin billionaires as there are traditional billionaires. When bitcoin hits one million dollars, the world’s bitcoin and crypto billionaires will surpass the number of traditional billionaires.
To add my own calculus to his math, bitcoin’s CAGR (Compounded Annual Growth) of 200% means that it is reasonable to think that within the next two years half the world’s billionaires will have made their fortunes from cryptocurrency (when one bitcoin equals), and within five years (when one bitcoin equals $1 million) there will be more bitcoin/crypto billionaires than from every other industry combined!
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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