Entering an inflationary recession will easily see gold rise from $2k to $4k bringing gold to a $24 trillion dollar market cap, if bitcoin were to match golds market cap at that price one bitcoin would be over $1 million.
Today so many people say one bitcoin being above $1 million is impossible, yet once it happens they will be saying bitcoin matching golds market cap during an inflationary recession was inevitable in hindsight.
Price means nothing, market cap means everything. During a period of financial chaos caused by high inflation and a deep recession bitcoin matching golds market cap is inevitable because everything will be driven by fear and a rush to assets that cannot be inflated.
$1 million per btc will happen its just a question of when.
submitted by /u/slvbtc