Willy Woo is the O.G on-chain Bitcoin analyst.
He’s been around since the beginning. He was the pioneer of many of the on-chain analytics we still use today.
Because of the accuracy of his calls, he’s amassed a following of over 1 million Bitcoiners.
Recently, he was asked by a private banker for possible Bitcoin price scenarios.
Here’s what he came up with:
Bitcoin’s first step? Match the market cap of gold. At this point, 1 Bitcoin would equal $710,000.
Bitcoin’s final step? Capture half of all wealth.
At this point, 1 Bitcoin = $11,500,000.
Willy added this:
“5% of all wealth being parked in Bitcoin is not that far away… BTC has 300m+ investors today, growing exponentially.”
Willy believes we are in the 9th iteration of growing Bitcoin’s user base by a factor of 10.
In our current cycle, we are going to go from 100 million users to 1 billion users.
All this to say: we’re still early.