Nobody knows what the ultimate price of #Bitcoin will be but simple maths can give us an upper bound. All wealth assets is $500T, if BTC captured all of this (never gonna happen) it's $24m per coin (today's value before future inflation adjustment).
The question is what will be the realistic allocation for everyone?
Wealth management is very predictable, and money flows in a conservative manner according to known wisdom.
BTC, even in this early phase of an asset class, Fidelity recommends 1-3% allocation, while we have seen numbers as high as 85% from BlackRock.
If we assume 3% as a sensible allocation (and I note that was the number we used to share back in 2014!) then the lower bound of valuation is $700k
Price target range:
$700k lower bound
$24m maximum bound
(In today's inflation adjusted numbers.)
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