Bitcoin To $10M? Major Crypto VC Founder Says 'It's Not That Crazy'

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• Bitcoin could reach between $5 million and $10 million

  80% confidence

• Bitcoin is superior store of value to gold based on fungibility, ease of transfer, divisibility, liquidity and resistance to government seizure

  80% confidence

• Ethereum is earlier in adoption curve than Bitcoin, comparable to Bitcoin in 2019, with many institutions yet to understand it

  80% confidence

• Bitcoin has a five- to 10-times-larger addressable market than gold based on accessibility and fixed supply

  80% confidence

• Ethereum could benefit as Bitcoin diversifier with ability to earn yield

  80% confidence

• Uber analogy: criticism during Series A was taxi industry worth $10 billion, how could Uber be worth more, but Uber now worth $100 billion

  80% confidence

• Solana is a computational layer with huge upside, architecture suitable for developers to build social and financial applications

  80% confidence

• $5 million to $10 million Bitcoin price justified by TAM expansion from putting software on phones in front of billions of people, causing market size to grow 5-10x

  80% confidence

Cited in these Via News reports

• Bitcoin Could Hit $10M as VCs Reframe Crypto as Global Settlement Infrastructure →