Booth: $1 Million BTC Price Target Falls Short

Jeff Booth, author of The Price of Tomorrow and Technological Deflation, believes that valuing Bitcoin in dollars is problematic. This approach, he argues, assumes a rigged game where debasement plays a significant role.

Booth views Bitcoin as more than just an asset or coin; it's the starting point for a decentralized protocol stack similar to the internet. According to him, Bitcoin represents the first free market that has ever existed.

In Booth's opinion, the value of Bitcoin should be considered in relation to its potential impact on productivity and the global economy. He suggests that even $1 million might be an underestimation of Bitcoin's true worth.