MacClements

People beg me for a Bitcoin price prediction, so it's finally time to give it to you: Kiyosaki once pushed me for a number on a 10 to 15 year timeframe, so I said millions of dollars per Bitcoin in the 2030s. People find that unimaginable and crazy. What they don't take into account is the hyperinflation of the US dollar, which is underway right now, as it is with all fiat currencies, all the time. Anyone who's ever opened a history book knows that paper currencies unbacked by commodity money like gold or silver must end in hyperinflation. There's every incentive to print it into worthlessness, and no safeguard against such printing. They're either conquered and replaced, or they hyperinflate. That's literally the only thing that ever happens, without exception. As Charlie Munger says, show me the incentive and I'll show you the outcome. If you create a currency that can be printed ad infinitum with no restrictions, and it rewards the printer for printing it, what do you think is going to happen? They print the thing until it goes to zero. Of course. The dollar is a fiat currency shitcoin. So when you denominate Bitcoin in dollars, Bitcoin trading in the millions and tens of millions is as certain as the dollar being printed into worthlessness. I know that sounds scary if you're used to the dollar working. But you've got to zoom out. As Schopenhauer said, every man takes the limits of his field of vision for the limits of the world. Don't make that mistake. Study the fate of fiat currencies and you'll understand. This could be a multi-decade, multi-generational game. But directionally, I can say with a very high degree of certainty: Bitcoin number go up, US dollar number go down. So my prediction is that the Bitcoin price will go up forever.