Mike Cai, a prominent Chinese tech entrepreneur and executive at $110 billion company Meitu, has made a bold long-term prediction for Bitcoin.
Speaking in a recent interview, Cai stated his belief that Bitcoin could reach $1.1 million per coin, driven by its increasing role as digital gold.
“Bitcoin’s total market cap is now around $2.2 trillion,” Cai explained. “Gold is valued at $22 trillion. I believe Bitcoin can grow tenfold and match that over the next decade.”
Cai pointed to Bitcoin’s recent rise to an all-time high of $110,000, arguing that it reinforces the asset’s role as a store of value. He emphasized that this trend is being acknowledged globally as more investors and institutions turn to BTC for long-term capital preservation.
He clarified that his projection is based on Bitcoin eventually matching gold’s total market capitalization, not just its price per ounce. His forecast aligns with a growing narrative that Bitcoin, with its fixed supply and decentralized nature, could serve as the digital alternative to traditional gold.
With this statement, Cai joins the ranks of high-profile figures promoting Bitcoin’s long-term value thesis in the capital markets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/meitus-mike-cai-predicts-1-1-million-bitcoin-as-digital-gold-thesis-strengthens/