Jurrien Timmer, Director of Global Macro at Fidelity, has some bold predictions for Bitcoin! According to him, one Bitcoin might be equivalent to a whopping $1 billion by 2038! 🤑💰🚀

Timmer is using a combination of the stock-to-flow model and his own demand model, backed up by a 4-hour BTC/USD chart, to support his assertion. He cites Metcalfe's Law, which suggests that as the number of users in a network grows linearly, the network's value (or, in this case, the Bitcoin price) grows geometrically.📈🌐💹

In other words, Timmer believes that the utility value of Bitcoin will eventually outgrow its operational network. This network includes everyone from buyers and sellers to exchanges and ATMs, as well as retailers, leading organizations like the Dallas Mavericks and AT&T, insurers, banks, and a whole host of small businesses.🛍️🏦🏀📲

Here's where things get interesting: Timmer's demand model grows very slowly compared to the stock-to-flow combination supply model. According to his model, BTC will reach $1 million by 2030. But the stock-to-flow model forecasts a price between $1 million and $10 million by 2030.💸📊💲

But, wait, there's more! Timmer's model seems to represent the floor or the bottom of the price, while the stock-to-flow model appears to be a better predictor of the peak. However, the gap between both models widens significantly after 2030, largely due to changes in the value of the dollar.💵💱📉

Timmer highlights that the value of the dollar changes in relation to other assets. In fact, $1 invested in stocks in the 18th century would be worth about $4 billion today! So, $1 million today could potentially be worth $1 billion in 20 years.💰🕰️💡

Why? Well, changes in the dollar’s value, especially depreciation over several decades, mean the same amount has less purchasing power. For example, a few decades ago, $1 million could buy a lot of significant things, like high-end houses that cost between $20,000 and $50,000. Today, that same $1 million might not be enough for the same class of houses.🏠💔💲

Meanwhile, the number of billionaires is increasing worldwide. Some even believe that we might see the first trillionaire in our lifetime. The same applies to companies, with several now exceeding a $1 trillion market cap.💼🌐💵

Interestingly, Fidelity had previously predicted that BTC would hit $100 million by 2035, using the same stock-to-flow model. Timmer made these predictions as well. As untested and uncertain as these predictions are, Timmer is not alone in forecasting high for Bitcoin. Even Deutsche Bank predicts Bitcoin will dominate by 2030.🏦📈🔮

Now, let's talk about the market capitalization. The market cap of gold is currently around $12.889 trillion💰, the total market cap of cryptocurrencies is about $1.107 trillion💱, and the total market cap of stocks is approximately $88.233 trillion📊. The total amount of money in circulation globally is about $40 trillion, while money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion💵💲🔝.

Please note, though, that these figures are just estimates and can change constantly, depending on factors like exchange rates, price changes,quote("Jurrien Timmer, Director of Global", "billion by 2038! 🤑💰🚀")