Bitcoin Price To Go Beyond $10 Million Per Bitcoin, Jesse Myers Said

It has been revealed that the hedge fund manager Jesse Myers believes that Bitcoin is on its way to $10 million per Bitcoin. Check out the latest reports about this below.

During a new interview with Coin Stories Myers broke down the math and also the timeline behind the prediction.

Myers says Bitcoin is emerging as a hard and scarce store of value in a world of ever-increasing debt and currency devaluation.

“We have now entered an era where the value proposition of holding bonds or holding fiat money is very bad, because the national debt and the unfunded liabilities going forward are going to necessitate a level of printing that will outpace the nominal yield on holding bonds.”

He also continued and said the following:

“That’s the only way out we have. We now have $31 trillion of national debt, $170 trillion of unfunded liabilities in the US alone.”

He also stated this:

“Then you’re talking about $3 trillion a year in interest expense when we’re already running a multi-trillion dollar deficit in our budget. So you’re talking about something like $4 trillion dollars of deficit going forward that you have to print in order to make that up…”

He also said that this is what Bitcoin is competing with as the lowest-hanging fruit. “I think in terms of where people have their value parked,” he said.

VanEck CEO said that BTC and gold would see some impressive moves these days.

It’s been revealed that these two are likely to take off on huge multi-year bull cycles.

In a new interview with CNBC, van Eck is forecasting that economic conditions will probably increase the value of gold and Bitcoin, which many investors view as a hedge against depreciating currencies.