Bitcoin will pursue the global economy, not the dollar, says crypto expert
The on-chain analyst Willy Woo has presented a long-term vision for Bitcoin that decouples its value from Fiat benchmarks and aligns it in part of the global economy.
Sea Woo could ultimately no longer be rated in US dollars, but in relation to global GDP, which would mean a dramatic increase in purchasing power over the next two decades.
In a contribution to his 1.2 million followers on X, Woo argued that Bitcoin could replace gold as a preferred hard money worldwide. He estimates that Bitcoin, if it was proportional to its fixed amount of 21 million coins, could achieve a value of up to $ 20 million per BTC-with considerable fluctuations possible depending on the macroeconomic conditions.
Its forecast assumes a nominal growth of global GDP of about 7 %per year – a combination of real economic growth (2 %) and money devaluation (5 %). Over a period of 20 years, the global GDP at $ 425 trillion would climb And so that Bitcoin can act as a hard currency base.
In the short term, however, Woo warned of troubled conditions. He pointed out that Bitcoin is currently burdened by excessive leverage and speculative trade transactions, which creates conditions that are favorable for liquidity -driven volatility. “BTC has to reduce the excess before it can achieve new highs,” he said.
Woo emphasized that in view of the increased risk and potential for strong corrections, the market may currently not be ideal for short -term dealers who rely on paper bets. Despite the short -term uncertainty, he remains optimistic about the long -term role of Bitcoin in the global financial system.
