Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — ‘Gold Used To Be That Money, BTC Is The Challenger’
Widely followed cryptocurrency analyst Willy Woo has shared an ambitious long-term price target for Bitcoin (CRYPTO: BTC), framing its value against the global economy rather than the U.S. dollar.
What Happened: In an X post, Woo theorized that the apex cryptocurrency will be equivalent to the total world GDP divided by 21 million, i.e., Bitcoin’s hard cap, with a margin of 50% on either side.
He projected that this valuation, tied to Bitcoin’s fixed supply cap, could take nearly two decades to materialize.
An X user, Alex, was curious as to why an asset whose value is essentially determined by the store of value thesis could be quantified in terms of annual world production.
“As GDP grows, so does the money to buy all its goods and services,” Woo responded. “Gold used to be that money. BTC is the challenger. Fiat is a short term distortion when viewed in long time frames. Hard money will return.”
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