The Bitcoin price is still below $70,000, more than 40 percent below its all-time high from October. But if Brian Dixon, CEO of crypto asset manager “Off The Chain Capital”, has his way, it won’t stay that way forever. In a new podcast with Anthony Pompliano, the expert explains why Bitcoin could be significantly higher in the long term and what role the cryptocurrency plays in an increasingly uncertain world.
According to Dixon, it fulfills a special function that goes far beyond classic technology investments. The Bitcoin price is closely linked to geopolitical risks and is a real “war insurance” because the network can provide many people with financial freedom in crisis situations. “In the middle of a conflict, you can withdraw your assets from the Internet, load them onto a storage medium and take them anywhere in the world,” says the entrepreneur. That would be one of the most important use cases of all.
Bitcoin forecast: A hundredfold increase in the next few decades is realistic
Dixon also sees enormous potential from the perspective of institutional investors. Many large banks and asset managers would continue to wait for clearer regulatory frameworks for Bitcoin and crypto assets. As soon as these are created, the Bitcoin price should benefit from massive capital inflows. So his long-term forecast is tough: I have no doubt that we will see Bitcoin reach $10, $15 or even $20 million in our lifetime.”
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This puts him in well-known company. Michael Saylor, founder of Strategy, also predicts an eight-figure Bitcoin price in around two decades. You just have to remember the number 21, because there are “21 million coins that would each cost 21 million US dollars in 21 years” – this is how the Permabull No. 1 explained it at BTCPrague25. Strike CEO Jack Mallers expressed himself no less ambitiously last year: “When people ask: ‘Can Bitcoin go higher than $100,000?’, then I think that BTC, with a current market capitalization of around $1.5 trillion, has a chance of reaching $400 to $500 trillion.”
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