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Joe Burnett, the Vice President of the American firm Strive, has suggested that by the first quarter of 2036, the price of Bitcoin could reach $11 million, with the asset’s market capitalization exceeding $230 trillion.
According to Burnett, the primary macroeconomic factor of the upcoming decade will be the clash of two processes: technological deflation driven by advancements in artificial intelligence and the ongoing expansion of the money supply in response to it.
“In a debt-based fiat system, sustained deflation poses a threat. As wages and prices decline, debt obligations remain fixed, creating a risk of a credit spiral. Authorities do not allow prolonged deflation. The response typically involves lowering interest rates, expanding central bank balance sheets, and increasing liquidity, which is also beneficial for the crypto market,” explained the Vice President of Strive Bitcoin.
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He noted that excess liquidity will seek an asset whose supply cannot be diluted. Traditional instruments do not fully meet this criterion: stocks are susceptible to technological obsolescence, while bonds may lose real yield.
In such circumstances, Burnett believes that Bitcoin possesses essential characteristics—fixed issuance and global liquidity. He also speculated that over time, the market for Bitcoin-backed debt instruments could grow, which companies would use to raise capital and accumulate cryptocurrency.
He estimates that by 2036, the leading cryptocurrency may fully transition from being viewed as a speculative asset to becoming a fundamental financial infrastructure for corporate reserves and pension portfolios.
Previously, economist and investment analyst Lyn Alden stated that one of the factors contributing to Bitcoin’s growth could be the overheating of stocks in companies operating within the artificial intelligence sector.
