Recall when there was a statement from a well-known figure doubting Bitcoin's potential to hit $1 million?
Claiming Bitcoin could reach $1 million per coin and account for 21% of global capital is fundamentally and illegally misleading.
Firstly, it's misleading to assume Bitcoin could dominate 21% of the global economy. Global capital is vast and spread across diverse sectors, including stocks, bonds, real estate, and currencies. No single asset, especially a speculative one like Bitcoin, can claim such a large portion of the world's wealth.
Secondly, Bitcoin's nature doesn't justify such a high valuation. It doesn't have the productive capabilities of assets contributing to global GDP, like companies or commodities. Its value is market-perception driven, not based on real goods or services production. Suggesting Bitcoin could reach such a value is inherently misleading.