PANews|Sep 01, 2026 10:49
[Analyst Willy Woo: If Bitcoin Becomes Global 'Hard Money,' Price Could Reach $5 Million Per Coin]
Bitcoin analyst Willy Woo, in response to investor Gary Cardone's skepticism, stated that the current market value of gold is approximately $32 trillion. If it continues to serve as the anchor for global currencies, its fair value should be around $103 trillion. He remarked that the traditional perception of gold as a 'financial asset' is a 'delusion' jointly shaped by the U.S. government and Wall Street, emphasizing that gold has essentially existed as money for thousands of years. Woo believes that Bitcoin is vying to become a global hard currency similar to gold. Based on this logic, Bitcoin's price could correspond to approximately $5 million per coin. He also pointed out that the global fiat currency system has only been in operation for about 55 years, which, compared to the millennia-long history of hard money, resembles more of an 'experiment.'
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