2472: $1 Million Bitcoin BULL RUN - Every Major Signal Just Flipped

JV argues that Bitcoin’s bull market has returned, pointing to a 43% gain in Q3, its strongest third quarter since 2017, and more than 95% of its 21 million maximum supply already mined. He says about 82% of Bitcoin addresses are in profit and the crypto market is worth roughly $2.85 trillion, nearing $3 trillion. Together, he sees these figures as evidence of renewed strength, while acknowledging that his most aggressive price targets are forecasts rather than guarantees.

He expects October’s historical strength to help propel Bitcoin into a parabolic move. JV cites an average October return of roughly 15% and predicts Bitcoin could move back into price discovery above $126,000. He also says the shallowest bear market is over, invoking Charles Schwab’s view that the era of Bitcoin’s 70% crashes has ended. These are bullish interpretations of market history and risk, not assurances that future declines will be shallow or that a breakout is imminent.

Institutional demand is central to JV’s case: he says investment is returning, ETFs are absorbing billions of dollars, and corporations, governments, and sovereign wealth funds are accumulating or considering Bitcoin. He notes that Merrill Lynch recommends allocations of up to 4% for clients. Separately, citing a financial firm with $1.8 trillion in assets, he reports that an unnamed major financial adviser has argued for allocations as high as 40%. The figures describe different recommendations and should not be read as a single standard allocation.

JV’s supply argument is that more capital competing for a fixed number of Bitcoin can push its price higher because the network cannot issue extra coins to meet demand. He compares Bitcoin’s roughly $1.7 trillion market capitalization with gold’s roughly $31 trillion, suggesting that the gap leaves room for Bitcoin to gain value. He argues Bitcoin is scarcer and easier to transact with and carry across borders than gold, which he says can be confiscated. The comparison supports his bullish thesis, but does not establish that Bitcoin will reach gold’s valuation.

His forecasts span a wide range. JV calls for Bitcoin to reach $1 million by 2029 and says it could happen as early as 2027. Mark Moss puts the milestone later, around 2030–2032, at which point Bitcoin would represent about 1.25% of the global store-of-value basket; Moss also forecasts $10 million to $14 million by 2040. JV describes an even longer-term scenario of $1 per satoshi, equivalent to $100 million per Bitcoin. The differing timelines and magnitudes underline how speculative these projections are.

JV also expects the US Treasury’s plan to buy back up to $6 billion in longer-term debt to support Bitcoin and crypto prices. He reports PCE inflation at 3.4% and says Bitcoin briefly approached $86,000 before pulling back, while disputing official inflation measures and estimating “true inflation” at 20% to 30%. His personal strategy is to save in Bitcoin, use dollars for bills and taxes, and keep accumulating Bitcoin. He says holding it for roughly two market cycles, or about eight years, can transform a holder’s financial outlook.