$1 Million Bitcoin Is Closer Than You Think

$1 Million Bitcoin Is Closer Than You Think

When bitcoin launched in 2009, only a small group of tech nerds, geeks, and “anarchists” were aware of it.

Those who took the leap and bought it did so because they believed in its power as a decentralized, censorship-proof and non-dilutable form of value.

It wasn’t until 2013, when U.S. exchange Coinbase launched, that bitcoin saw its first big wave of adoption. Those early Coinbase-enabled buyers of bitcoin helped drive BTC from $13 to as much as $1,147 by December of that year.

After peaking in late 2013, bitcoin crashed to $175 and spent three years in a punishing bear market.

It wasn’t until early 2016 that I became convinced bitcoin had real value and was actually wildly undervalued.

By 2016, the number of online exchanges where you could buy bitcoin had proliferated… Digital wallet technology had improved and gotten easier to use... Interest rates were very low... And individuals were hungry for bigger returns.

All these themes came together to power another wave of adoption that would drive bitcoin’s price from $400 to $20,000.

After peaking in 2017, another brutal three-year bear market ensued. It would be corporate America that sparked the next wave of bitcoin adoption.

In 2020, tech companies like MicroStrategy and Tesla started buying bitcoin as a way to diversify their corporate balance sheets. They saw inflation on the horizon and looked to bitcoin to help protect the buying power of their corporate wealth.

That helped take bitcoin from a low of $3,858 in 2020 to as much as $69,000 in 2021. That’s an 1,688% gain – enough to turn every $1,000 into $17,885.

The inflow of capital into this asset class eventually attracted Wall Street, which signaled the next wave of adoption.

In 2024, major financial firms like BlackRock and Fidelity began launching exchange-traded spot bitcoin funds (ETFs). Today, there are 11 bitcoin ETFs with a combined $128 billion assets under management.

Since the bear market lows of 2023, BTC has traded from as low as $15,000 to a record high of nearly $110,000.

That’s a 633% gain in just 24 months – enough to turn every $1,000 into $7,333. By comparison, the S&P 500 and gold are up 57% and 53%, respectively, over the same period.

Friends, for years, I’ve predicted bitcoin would become a world-class asset that would be adopted by individuals, corporations, Wall Street, and central banks. That brings me to the next stage in bitcoin’s adoption cycle.

We are on the cusp of what could be the biggest adoption of an asset class in the history of the world. And it has the potential to send bitcoin to $1 million per token.

The Next Wave of Bitcoin Adoption