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Bitcoin To Reach $50 Million By 2041, Predicts EMJ Capital CEO
Eric Jackson, CEO of EMJ Capital, projects that Bitcoin could reach $50 million per coin by 2041. His thesis is based on Bitcoin transitioning from "digital gold" to the core collateral layer of the global financial system.
- Jackson applies a "hundred bagger" framework, similar to his investment in Carvana when its stock was undervalued.
- He argues Bitcoin's structural potential is often obscured by daily price fluctuations and polarized narratives.
- Jackson suggests Bitcoin could become as significant as gold due to its digital nature and appeal to younger generations.
- The Bitcoin market may evolve into a "global collateral layer," replacing systems like the Eurodollar for sovereign and central bank borrowing.
- Jackson envisions Bitcoin becoming a neutral asset for balance sheets, independent of national currencies and political influences.
- He sees Bitcoin not as a threat to traditional currencies but as a new underlying financial layer.
- If Bitcoin becomes the dominant collateral substrate, its value could rise significantly, supporting his $50 million target by 2041.
