A million a coin would be over 20 Trillion of market by that time. How would that make sense? It would if many large governments abandoned their own currency system and used bitcoins.
Compare that to golds 1.9trillion practical market size. To match that Bitcoin would be 100k$. Which seem to be a stretch in 5 years by many imaginations, one that requires US to pretty much hyper inflate.
A more realistic upper price could be 50k$ in 5 years based on regulatory risk, volatility and realistic cap, half of all of golds theoretical cap.
The down side is a side way risk where Bitcoin will stay around this 20k-30k mark, may as well invest that in equities or ETFs.
Compare that to golds 1.9trillion practical market size. To match that Bitcoin would be 100k$. Which seem to be a stretch in 5 years by many imaginations, one that requires US to pretty much hyper inflate.
A more realistic upper price could be 50k$ in 5 years based on regulatory risk, volatility and realistic cap, half of all of golds theoretical cap.
The down side is a side way risk where Bitcoin will stay around this 20k-30k mark, may as well invest that in equities or ETFs.