Jeff Booth: Why $1 Million BTC is Thinking too Small
Bitcoin Magazine Jeff Booth: Why $1 Million BTC is Thinking too Small Jeff Booth says a $1 million Bitcoin price target is thinking too small. Here is why valuing Bitcoin in debased fiat currency uses a rigged system. This post Jeff Booth: Why $1 Million BTC is Thinking too Small first appeared on
Source: Bitcoin Magazine
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DW NOTE
Jeff Booth argues that denominating Bitcoin in dollars is measuring sound money against systematically debased units — like pricing a ruler in melting ice cubes. He's correct that the debt system is terminal: $40 trillion in US debt, 10-year yields at 4.96%, and a Fed forced to raise rates into a deflationary technology wave means the denominator will fail before Bitcoin stops appreciating against it.