In January 2009, just a few days after the Bitcoin network went live, cryptography pioneer Hal Finney made a bold prediction — that Bitcoin could one day reach a value of $10 million per coin.

This view has recently been revisited by Adam Back. He believes that the long-term price drivers of Bitcoin stem from two main factors: the acceleration of global adoption and the expansion of its truly addressable market.

From an asset allocation perspective, a significant amount of capital has already flowed into Bitcoin as a hedge against inflation. In terms of market potential, the addressable market size is conservatively estimated at $200 trillion — including bonds, gold, art, wine, and other value storage assets competing for market share.

Comparing the current situation is quite interesting. The total market capitalization of the entire crypto market is only about $3 trillion. Compared to the potential market space of $200 trillion, there is indeed a lot of room for growth imagination. Continuous ecosystem expansion and institutional entry itself indicate considerable upward potential.