Meitu's Mike Cai predicts that Bitcoin could reach $1.1 million per coin, driven by its increasing role as digital gold.
Cai believes that Bitcoin can grow tenfold to match gold's total market capitalization over the next decade.
His projection is based on Bitcoin eventually matching gold's total market capitalization, emphasizing its role as a store of value globally.
With Bitcoin's recent rise to an all-time high of $110,000, Cai aligns with the narrative that Bitcoin could serve as a digital alternative to traditional gold.