TLDR
- EMJ Capital CEO Eric Jackson predicts Bitcoin could reach $50 million per coin by 2041.
- Jackson believes Bitcoin will transition from digital gold to the core collateral layer of global finance.
- He compares Bitcoin’s potential to past investments like Carvana during its price collapse in 2022.
- Jackson argues that Bitcoin could eventually replace the Eurodollar system as the primary collateral for sovereign debt.
- He views Bitcoin as a superior, digital, and apolitical asset for global financial systems.
EMJ Capital CEO Eric Jackson has projected that Bitcoin could reach $50 million per coin by 2041. Jackson’s forecast is rooted in his belief that Bitcoin will evolve into the core collateral layer of the global financial system. He compared the cryptocurrency’s future potential to past investment opportunities, like Carvana, which he invested in after its price plummeted.
Jackson Predicts Bitcoin as Sovereign Debt Collateral
Jackson’s vision for Bitcoin’s future focuses on its transition from being “digital gold” to becoming the fundamental collateral layer for global financial systems. He draws parallels between Bitcoin and gold, questioning whether Bitcoin could grow to be as large as gold. “Could Bitcoin be as big as gold one day? That seems like a safe assumption,” Jackson stated.
Jackson emphasizes that Bitcoin’s digital nature and programmability could make it a preferred store of value for younger generations. While Bitcoin has not yet become a widely used medium of exchange, Jackson argues that this should not overshadow its long-term potential. He predicts that Bitcoin will eventually serve as the underlying asset for sovereign debt, replacing traditional systems like the Eurodollar.
Jackson’s thesis hinges on Bitcoin replacing the Eurodollar system that has served as the primary collateral for sovereign borrowing since the 1960s. He envisions Bitcoin becoming a neutral, apolitical asset that countries will rely on for their debt and financial operations. “Bitcoin is much superior as collateral because it is digital and apolitical,” Jackson explained.
Over the next 15 years, Jackson expects Bitcoin to replace traditional government-backed collateral and become the foundation for sovereign debt. He points out that Bitcoin’s attributes make it a more logical and sustainable option for countries that currently rely on debt issuance. According to Jackson, as Bitcoin’s dominance in this space grows, its price will need to rise dramatically.
The $50 Million Bitcoin Price Target by 2041
Given the scale of the sovereign debt market, Jackson argues that Bitcoin’s price will need to reach extreme levels to become the dominant collateral asset. He predicts that Bitcoin’s price per coin could hit $50 million by 2041 if it becomes the foundation for global financial systems. Jackson’s target reflects the growing importance of Bitcoin as an essential part of global finance.
With Bitcoin increasingly seen as an alternative asset for collateral, Jackson believes the cryptocurrency will continue to evolve. He views Bitcoin’s potential as far-reaching, suggesting it could redefine the financial landscape by 2041. Jackson’s $50 million price target serves as a long-term goal, supported by Bitcoin’s growing influence in global financial systems.
