Willy Woo makes his prediction based on a graph showing the growth in the number of Bitcoin users and the exchange rate of the first cryptocurrency. According to him, Bitcoin’s number of users will rise as the cryptocurrency becomes more integrated into people’s everyday lives.
The fair value of one Bitcoin is projected to reach one million by the year 2035. By analyzing the user growth curve, we can derive this prediction. Fair value, not peak value in a bull market, is what I’m referring to. The price of Bitcoin did not immediately rise in tandem with its user base after its launch. Not until the thousandth user showed up was Bitcoin even traded. The emergence of Bitstamp in 2011 marked the beginning of cryptocurrency exchanges, and subsequent global platforms for asset valuation followed. An analyst for cryptocurrencies noted that after 2012, the price of Bitcoin fairly closely tracked the increase in the number of users.
Because fiat inflation “eats up” all the profits from traditional investments, according to Willy Woo, young investors simply must invest in Bitcoin.