Unchained believes Bitcoin reaches $250,000 by 2025 and $1 million by 2030. Okay, cool. We’ve all heard the hype, the doomsaying, the bullish charts, the adoption curves, the “number go up” memes. Let's be real: the real driver for Bitcoin's meteoric rise won't be its fancy tech, but something far more primal: global power.

Sovereign Race Driving Bitcoin's Price?

Never mind better overall “macroeconomic conditions” or “institutional adoption.” Of course those are advantageous. Consider this: nations are waking up to the realization that control over money equals control over the world. The US has been using the dollar as a weapon for decades, freezing foreign assets, imposing global sanctions, and just overall bullying the world with its financial resources. Other countries have noticed.

Are you honestly shocked that countries are seeking an alternative? An independent, neutral, apolitical store of value that no one government can control? Enter Bitcoin. The US executive order creating a National Strategic Bitcoin Reserve and Senator Lummis’s bill to get us off the CBDC path? That’s not just a matter of being open to new ideas, that’s a matter of seeing the writing on the wall… and being proactive.

This isn't just about tech. It isn’t only about survival, thriving in an era where fiscal a war on municipal and state budgets has become status quo.

Dollar Losing Grip, Bitcoin Winning?

The world is moving away from dollar dominance, slowly but surely. All the BRICS nations have been seeking ways to circumvent the dollar-centric payment system. China, with its on-again off-again love affair with Bitcoin, knows the macro. Imagine a dystopian world where China is secretly hoarding Bitcoin, adopting it as a geopolitical strategy to hedge against its own significant dollar reserves. It's not outside the realm of possibility.

This isn't just about financial diversification. It's about geopolitical power. And that’s a whole lot more interesting driving force for Bitcoin to go to $1 million than any tech innovation.

  • Dollar Devaluation: If the dollar's status as the world's reserve currency erodes, countries will need to find alternatives to store their wealth.
  • Sanctions Circumvention: Bitcoin offers a way to bypass sanctions imposed by the US, allowing countries to continue trading even when they're cut off from the traditional financial system.
  • Geopolitical Leverage: Owning a significant amount of Bitcoin could give a country leverage in international negotiations.

Bitcoin proponents like to liken it to gold, its scarcity and portability often praised. In fact, Joe Burnett at Unchained goes so far as to say that gold-Bitcoin parity is already above $1,000,000 per Bitcoin. Here's where it gets interesting.

Is Bitcoin Really Better Than Gold?

Threatened species trophy hunting economic development Gold has been a store of value for millennia. There’s something different about it—and that’s its history, its track record and its presence in the world. Bitcoin? It's barely a teenager.

Bitcoin does have one crucial advantage over gold in the age of digital warfare: it's harder to seize. It’s difficult for a country to simply confiscate Bitcoin holdings the same way they can gold reserves. That makes it a much more enticing asset for countries with authoritarian tendencies who don’t want their economy dictated by Washington.

Here's the thing: Bitcoin's value isn't just tied to its scarcity or technological features. Perhaps that’s because it’s related to the fear of the systems we have today, which are clearly failing. The anxiety that governments are losing control. The politically toxic notion that financial power is concentrated in the hands of a very few. These are potent emotions, and they’re pushing individuals – and possibly entire countries – to Bitcoin.

We agree with Dr. Kirill Kretov’s concerns about the structural fragility and thin liquidity in the market. The spike in price recently might be a result of this artificial volatility. That doesn't negate the underlying trend: Bitcoin is becoming a geopolitical asset, and that's a game-changer.

So, while the tech is cool and the adoption is growing, remember this: the real story of Bitcoin's rise to $1 million (or beyond) will be written in the halls of power, not in the code.

So, while the tech is cool and the adoption is growing, remember this: the real story of Bitcoin's rise to $1 million (or beyond) will be written in the halls of power, not in the code.