Imagine bitcoin at $1.5 million

Bitcoin at $1.5 million by 2035? That might seem like fantasy at the current price of around $94k, but the $1.5 million prediction comes from none other than Timothy Peterson, the man who developed a model for valuing BTC.

Peterson issued a paper in 2018 on Metcalfe’s Law as a Model for Bitcoin’s Value. Metcalfe’s law was developed as a way to value telecoms networks and states that the value of a network increases exponentially with each new user that joins.

If a network has 100 users and you add 10 more, the value of these newcomers is worth way more than 10% because everyone on the network has more people to connect with.

Bitcoin operates in much the same way, meaning the more users connecting to BTC, the more valuable it becomes to everyone.

Peterson is worth listening to since he correctly predicted back in 2020 that BTC would never again see $10k.

Now he is predicting BTC at $1.5 million by 2035 – a decade away.

“The year is 2035. Bitcoin is at - and you can hold me to this - $1.5 million. And somewhere someone is asking 'Is now a good time to buy Bitcoin?'”

We’ll hold you to this Timothy.

The real point here is people asking is now a good time to buy BTC.

Each time there’s been a bull market, this question comes up.

By 2035, if Peterson is right, there may be many people who may be kicking themselves because they didn’t buy at $100k.