A Stanford MBA and crypto analyst explains why Bitcoin still has room to grow. In July 2024, Michael Saylor published a graph showing the market value of Bitcoin compared to the global total asset market. At the time, the price of Bitcoin was approximately $65,000 per coin, and the network value was $1 trillion. This is just 0.1 percent of the $900 trillion global asset market.
Since then, Bitcoin's market value has doubled to over $2 trillion. The global asset market has grown to approximately $10 trillion. Bitcoin currently accounts for 0.2% of global wealth, indicating that it remains a small proportion of total assets.
Long-term growth and expert opinion
Jesse Myers, Head of Bitcoin Strategy at Smarter Web Company, explained in a recent interview that Bitcoin's growth potential remains significant. Using historical trends and market forecasts, he estimated that Bitcoin could grow at an average annual rate of 29% over the next 20 years. In today's value, one coin can reach $10 million.
Myers said Bitcoin's fixed supply of 21 million coins increases its scarcity and value. He explained that Bitcoin is still in the early stages of adoption and has not captured a large share of the world's wealth.
Factors supporting growth
Although the world's wealth continues to increase every year, the value of cash and bonds is decreasing due to inflation. Bitcoin provides an alternative that does not rely on government-backed funds. Its scarcity and security are attractive to investors who want to preserve their wealth.
Historical trends indicate that Bitcoin can grow rapidly in the short term and then slow its growth over time while maintaining meaningful returns. Demand is likely to grow further as more institutional investors adopt Bitcoin.
conclusion
Even after recent gains, Bitcoin still represents only a small portion of the world's wealth. Experts like Jesse Myers say Bitcoin could capture a larger share of global assets over time. Stable supply, increasing penetration and protection from inflation support the long-term case. For patient investors over the next few decades, predictions of millions of dollars per coin are plausible.
