#Bitcoin competes with all assets that are used as store of value, whose combined value is estimated to be around $872 trillion. Currently, Bitcoin represents only 0.1% of this total.
How high can the price of bitcoin rise in the future? If Bitcoin could capture only 1% of the total asset value, the price of Bitcoin would be $450,000 per 1 Bitcoin. And if it is taken at 5% of the total assets value: The price of Bitcoin will be $2,200,000 for every single Bitcoin And if he acquires 20% of the total assets value: The price of Bitcoin will be $9,000,000 for every single Bitcoin.
We are at a very early stage
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