Emre Yumlu 
British cypherpunk and legendary figure in the crypto space Adam Back has made a bold claim about Bitcoin’s future valuation. The renowned cryptographer believes that the total market cap of Bitcoin should one day reach an astonishing $200 trillion.
Unrealistic or Visionary?
While Back’s prediction might sound overly ambitious, there’s a logic behind his thinking. Let’s look at some current market comparisons:
-
The S&P 500 — representing the 500 largest publicly traded U.S. companies — is valued at around $40 trillion, accounting for roughly 40% of the global stock market.
-
Gold, often seen as the ultimate safe haven asset, currently holds a market cap of about $13 trillion.
-
The global GDP, the total economic output of all countries combined, sits near $105 trillion.
-
The real estate market worldwide is valued at approximately $300 trillion.
Back suggests that continued monetary expansion by central banks could drive Bitcoin to such sky-high levels over time, positioning it as a dominant store of value.
Bitcoin to Infinity if Fiat Collapses?
Back’s stance aligns with the views of notable venture capitalist Tim Draper, who has stated that if fiat currencies like the U.S. dollar face massive devaluation, Bitcoin could skyrocket to infinity in comparison. In both cases, the underlying idea is that fiat erosion could propel Bitcoin to unimaginable heights.
A Lifelong Bitcoin “Permabull”
Adam Back has long been a vocal supporter of Bitcoin. He first bought BTC in 2013, and since then, he has become widely known as a Bitcoin “permabull” — someone consistently bullish on its long-term prospects.
Interestingly, Back was one of the earliest individuals to learn about Bitcoin. In August 2008, he received an email from none other than Satoshi Nakamoto, introducing the concept of decentralized e-cash. Despite this early connection, he waited several years before actually investing in the asset.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.