BTC31011

06/08 11:59

Bitcoin price will reflect the global economy, not

Bitcoin price will reflect the global economy, not the US dollar, according to expert

Onchain analyst Willy Wu shared a long-term vision for Bitcoin that decouples its value from fiat benchmarks and aligns it with part of the global economy.

According to Wu, Bitcoin could eventually be valued against global GDP rather than the US dollar, which portends a dramatic increase in purchasing power over the next two decades.

In a statement to his followers at X, Wu argued that BTC could replace gold as the preferred hedge. He estimates that if Bitcoin were to capture a share of global economic value proportional to its fixed supply of 21 million tokens, it could reach a value of $20 million per BTC, with significant fluctuations depending on macroeconomic conditions.

His forecast assumes that nominal global GDP will grow at an annual rate of about 7%—a combination of real economic growth (2%) and currency depreciation (5%). Over 20 years, this would push global GDP to $425 trillion, creating the conditions for Bitcoin to act as a hard currency.

In the short term, however, Wu warned of volatile conditions. He noted that the BTC is currently burdened by excessive liquidity and speculative trading, which creates conditions for liquidation-induced volatility, sharing:

BTC needs to get rid of the excesses before it can climb to new highs.

The expert stressed that now may not be the ideal time for short-term traders who rely on speculative bets, given the heightened market risk and the potential for sharp corrections. Despite the short-term uncertainty, he remains firmly optimistic about Bitcoin’s long-term role in the global financial system.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Trump-Musk spat sees Bitcoin tumble#Share BTC or ETH Futures Trades#HTX Crypto Gifts Carnival Is Live!

2Condividi