Investor and prominent podcaster Preston Pysh says anyone predicting Bitcoin will hit a market capitalization of $10 trillion is underestimating the leading cryptocurrency.
In a new interview with Saifedean Ammous of The Bitcoin Standard podcast, Pysh predicts the leading cryptocurrency’s total market value could eventually soar above the $100 trillion mark.
“I will tell you this much. I think $10 trillion is laughable. I think people that are saying that it’s going to replace gold and like that’s the end state of this. I think that’s a total joke…
When we talk about the buying power of one of those (21 million) coins, I think the number is probably $5 million to $10 million a coin. Something like that. And I think that’s being pretty conservative.”
In an era of seemingly endless money printing, Pysh cites Bitcoin’s scarcity is the primary reason he’s so bullish.
“When I look at why is Bitcoin going to win – the thing that in my opinion is going to drive trust in the future is something that cannot be manipulated. Everyone in the world today is looking around and saying if a human is touching it, it’s manipulated.
And so I think in the future, the way people are going to be looking at it is if a human cannot touch it, and no government entity can manipulate it or touch it or gain access to it over another, well, that’s where the trust is at.”Check Price Action
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