Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for the global economy.
What Happened: Responding to the prediction of MicroStrategy (NASDAQ:MSTR) executive chairman Michael Saylor that Bitcoin (CRYPTO: BTC) could hit $13 million by 2045, Bianco noted in a post on X on Thursday that this valuation would put Bitcoin’s market cap at around $250 trillion.
This would dwarf the current world GDP of $105 trillion and global stock markets valued at $125 trillion.
However, Bianco questions what $13 million would actually buy in 2045—perhaps only what $100,000 buys today.
His answer was stark: “I’ll offer an answer: $13 million BTC, or adding $250 trillion to wealth, will create massive hyperinflation.”
The …
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