$1 Million BTC: A Price Target That Ignores Bitcoin's True Potential
Jeff Booth believes that valuing Bitcoin in dollars is flawed because it considers the price from the perspective of a system that's rigged by debasement.
In an interview, Booth explained why he thinks $1 million BTC is thinking too small. He argues that Bitcoin isn't just a coin or an asset but the beginning of a decentralized protocol stack that will look like the internet.
According to Booth, Bitcoin represents the first free market in history, and its true value lies not in its price but in its potential for growth. He claims that valuing it in dollars ignores the deflationary forces at play and misses the point of what Bitcoin is trying to achieve.