News Headline!!!
Hedge fund manager predicts Bitcoin to $50M
Tuesday February 17, 2026
Hedge fund manager’s wild Bitcoin prediction
In an interview with Phil Rosen, EMJ Capital CEO Eric Jackson has projected that Bitcoin could reach $50 million per coin by 2041.
At current prices, that would represent roughly a 74,527% increase.
His thesis is based on what he describes as a long-term collateral transformation in global finance. He argued that Bitcoin could evolve into what he calls “neutral global collateral.”
“This isn’t just digital gold, this isn’t some Beanie Babies,” Jackson said.
“It is actually going to be a dominant way that we borrow against to do things.”
Rather than replacing existing systems outright, Jackson believes Bitcoin could operate beneath them, serving as a foundational asset that global markets borrow against.
However, he stressed that this vision depends on Bitcoin maintaining its apolitical character and functioning as a neutral reserve asset.
To illustrate the concept, he pointed to gold’s historical role in global finance.
“The thing that you hear most about is, ‘oh it’s digital gold,’ ‘is this going to be like the new version of gold?’,” Jackson said.
“And you can say, ‘well how big is gold today? How many central banks around the world own it? How many sovereigns own it?’ So, could Bitcoin be as big as gold one day? That seems like a safe assumption.”
Bitcoin's journey to $50 million
Jackson’s $50 million forecast is tied to what he calls “Vision 2041,” a long-term framework built around the size and structure of global sovereign debt markets.
He explains that global finance has historically evolved through different forms of collateral, and the next shift could center on Bitcoin.
He traced the evolution of financial systems from gold-backed monetary regimes to offshore dollar markets that expanded in the 1960s.
According to Jackson, the Eurodollar system, which is a network of U.S. dollar deposits held outside the United States, played a key role in shaping modern global liquidity and today’s debt-driven structure.
The Eurodollar market consists of U.S. dollar-denominated deposits held in banks outside the United States, originally in Europe but now globally. These deposits are not subject to U.S. banking regulations or Federal Reserve oversight.
Over time, the Eurodollar market became a major source of offshore dollar liquidity, supporting international lending, trade finance, and capital flows.
Jackson believes Bitcoin could eventually take on a similar role, replacing the Eurodollar as a neutral collateral asset underpinning global borrowing.
He described Bitcoin as “much superior” collateral because it is digital, scarce, "apolitical" and operates outside central bank control.
However, he clarified that this shift would not necessarily displace the U.S. dollar or Treasuries directly.
Instead, Bitcoin could function alongside existing systems, as a foundational reserve asset in a future global financial architecture.
[End of Article]
I could've told Eric Jackson way back in 2009 when I first discovered Bitcoin and wrote about it in great detail.
Great! -- Eric Jackson and I share the same belief on Bitcoin's future.
Long Live Bitcoin!
Long Live Bitcoin!
Long Live Bitcoin!
Here is a related article that seems to think that Bitcoin will reach $1 million (not $50 million) mark in 10 years from 2026:
Bitwise CIO says Bitcoin could hit $1M in $38T store-of-value market
March 10, 2026
[Preface: Hougan says the total "store-of-value market" could reach $121 trillion (from its current $38T) over the next 10 years if the store-of-value market continues to expand at the same pace, and Bitcoin would need to capture only about 17% to reach $1 million.]
Chief Investment Officer at Bitwise Asset Management, Matt Hougan, said Bitcoin's price could reach $1 million if it captures a sizable share of the $38 trillion global store-of-value market.
In a recent memo, Hougan said the market has expanded significantly over time, yet investors still assume the store-of-value market will remain static.
Matt Hougan says Bitcoin competes with Gold in the store-of-value market
Hougan explains that investors have always turned to gold to protect their wealth, and many now see Bitcoin as a suitable alternative because it is scarce, durable, and well-known worldwide.
The CIO estimated that gold accounts for about $36 trillion of the $38 trillion store-of-value market, while Bitcoin holds about $1.4 trillion (less than 4% market share). From this point, Hougan says many analysts compare Bitcoin to gold because it also allows investors to store wealth outside of traditional financial systems and has a scarce supply of only 21 million coins.
But unlike Gold, Bitcoin exists digitally and can be broken down into extremely small units, allowing investors to move it quickly and easily across the internet.
Yet even with these qualities, people struggle to believe in $1 million per Bitcoin because it would take a miracle for the coin to capture more than half of the store-of-value market anytime in the near future.
However, Hougan says the store-of-value market will not remain the same, as global wealth continues to expand and more people seek ways to protect their money.
Bitcoin price could reach $1 million as more people use it to store wealth
In his memo, Matt Hougan said markets that preserve wealth can expand faster than investors expect, citing that gold's total value rose from $2.5 trillion in 2004 to about $40 trillion today (March 10, 2026). This means the value compounded at 13% year after year as demand worldwide grew.
For the past two decades, investors have poured more money into store-of-value assets because government debt has increased in many parts of the world, wars have broken out, and central banks have introduced loose monetary policies that have kept interest rates low.
Hougan says the total market could reach $121 trillion over the next 10 years if the store-of-value market continues to expand at the same pace, and Bitcoin would need to capture only about 17% to reach $1 million.
Hougan says investors will only accept that Bitcoin can move from its current 4% to 17% if they focus on how quickly adoption has increased in recent years.
More institutional investors have brought new money into Bitcoin over the past few years, and the coin's long-term volatility has declined when compared to its initial years.
Trends in portfolio allocation also reflect changing attitudes. For instance, in previous years, even a 1% allocation to Bitcoin by professional investors was viewed as aggressive. However, there is now an increasing trend of institutions allocating 5% to Bitcoin in diversified portfolios. Even a small increase in overall allocation levels can generate high demand.
Nevertheless, Hougan identifies some risks that may affect these predictions.
First, the store-of-value market may not continue to rise at the pace it has over the last 20 years.
Secondly, the economic factors that contributed to gold's rise in value may not recur.
Another possibility is that Bitcoin may not reach the market share necessary to hit these price targets. Adoption may not be rapid enough, or investors may prefer traditional store-of-value assets like gold rather than traditional alternatives.
At the same time, however, Hougan also warns that these projections may not even be conservative enough. If there is growing concern about government debt or currency stability in the future, investors may require even higher returns from assets known to hold up well in the long run. Then, the growth of the global store-of-value market could accelerate even faster.
If such a scenario comes to pass, Bitcoin's market share will exceed the expected 17% and its value will be further elevated. For Hougan, the important factor is not the price target but how the market's framework changes with the possibility of further market growth.
In that context, Hougan explains that analysts who use a fixed market size to determine Bitcoin's value may miss an important part of the picture. If the store-of-value market continues to grow and Bitcoin continues to increase its share of that market, it becomes clear how it is possible to reach $1 million per Bitcoin [in 10 years from now].
Here is another related article that seems to think that Bitcoin will reach $1 million mark by 2032:
Monday March 23, 2026
Anthony Scaramucci sets $1 million Bitcoin target by 2032, explains why he's buying now: “You can't be in the market like me for 38 years and ....”
The $1 Million BTC Target
Appearing on The Wolf Of All Streets Podcast with Scott Melker, Scaramucci stated that Skybridge Capital has set a $1 million price target for Bitcoin by 2032, factoring in the 2028 halving event and the 4-year cycle.
“So if you get the opportunity to buy it here, then buy it,” Scaramucci added.
Scaramucci maintains that Bitcoin's 4-year cycle remains very much intact, with the current pullback driven by long-term holders, those who've held BTC for 15 years or so, finally cashing out after it hit the $100,000 milestone.
Scaramucci Admitted Getting It Wrong Last Year 2025
Scaramucci stayed bullish on Bitcoin for most of last year (2025), maintaining his $150,000 year-end price target right up until September (2025).
He later conceded in a Benzinga interview that he got it wrong, overlooking the “massive” sell-off by Bitcoin whales.
The former White House Communications Director revealed previously that 70% of his wealth is tied up in the leading cryptocurrency Bitcoin.
