According to U.Today, popular trader and crypto entrepreneur Willy Woo recently shared his insights on Bitcoin's potential long-term value. Woo outlined two possible valuation levels for Bitcoin, depending on the allocation of global wealth assets into the cryptocurrency. He suggested a lower band of $700,000 and an upper band of $24 million per BTC. However, Woo emphasized that the $24 million figure is highly unlikely, as it would require all $500 trillion of global wealth assets to be invested in Bitcoin.

Woo explained that institutional investors' allocation to Bitcoin can be predicted based on conservative money flows. He referenced Fidelity's recommendation to allocate 1-3% of funds into Bitcoin and noted that BlackRock has invested 85%. Using the 3% figure as a sensible allocation, Woo estimated the lower band valuation for Bitcoin at $700,000. He reiterated that the higher band of $24 million is theoretical and would necessitate an unrealistic total investment of global assets into Bitcoin.

Woo also mentioned that global Bitcoin adoption has reached 4.7% according to the Adoption S-curve. He predicted that when adoption reaches between 16% and 50%, Bitcoin's price could approach the aforementioned levels. Woo further speculated that once Bitcoin's market capitalization surpasses all fiat currencies, investors will shift their focus from Bitcoin's ultimate price to assets that can outperform BTC. He suggested that shares of companies storing their profits in Bitcoin could be among such assets.