Bitcoin will not be a utility, but a store of value long term. The value of gold at the current spot price is $1329.86. Thus, all the gold in the world is valued at $8,108,411,146,630. If Bitcoin can capture just 0.0000124% of the value of gold, we get a Bitcoin price of $1,005,443. When the World Markets crash in the next 20-30 months, and people seek out safe havens, John's forecast of Bitcoin is a very fair value of long term.
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