Bitcoin currently captures 1.5% of the global store-of-value market, comparable to gold. If it rises to 5%, the price could hit $3 million per coin within five years. Uber and Airbnb each captured 10% of their markets in under a decade, suggesting Bitcoin's growth is plausible.
$1 million per Bitcoin in the next 5 years. Bitcoin is only capturing 1.5% of total store of value assets. That's the point. Now, if it was able to get 5%, which might be way more reasonable, that puts Bitcoin at a $3 million price per Bitcoin. If we look at it as a percentage of store of value assets, you can see that now Bitcoin is about on par with gold. Now, is that realistic to get? 1%? Well, we can look at other disruptive technologies like Uber or Airbnb. Both of them were able to capture 10% of their market in less than 10 years. 1.5% is extremely conservative.
