Bitcoin To $10M? Major Crypto VC Founder Says 'It's Not That Crazy'
View original at finance.yahoo.comBitcoin To $10M? Major Crypto VC Founder Says 'It's Not That Crazy' Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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Bitcoin could reach between $5 million and $10 million
80% confidenceBitcoin is superior store of value to gold based on fungibility, ease of transfer, divisibility, liquidity and resistance to government seizure
80% confidenceEthereum is earlier in adoption curve than Bitcoin, comparable to Bitcoin in 2019, with many institutions yet to understand it
80% confidenceBitcoin has a five- to 10-times-larger addressable market than gold based on accessibility and fixed supply
80% confidenceEthereum could benefit as Bitcoin diversifier with ability to earn yield
80% confidenceUber analogy: criticism during Series A was taxi industry worth $10 billion, how could Uber be worth more, but Uber now worth $100 billion
80% confidenceSolana 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