The Case for Bitcoin to $2 Million After This Bear Market

The article argues that post‑bear market dynamics — driven by Bitcoin’s fixed 21 million supply, halving‑induced supply shocks, growing institutional adoption, and potential migration of monetary value from fiat and other stores — could plausibly justify a fair value near $2 million per BTC. It supports this with supply‑demand comparisons to global monetary aggregates and on‑chain indicators suggesting a much larger future market cap. The key implication for Bitcoin is the possibility of extreme long‑term upside and reinforcement of its role as a scarce digital reserve asset, while timing, macroeconomic conditions, and regulatory risk remain material uncertainties.