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Bitcoin at $10M–$100M by 2038: Implications for the Dollar and Global Economy

The U.S. now stacks $1T in debt every 5 months, a global monetary reset is underway. Leaders speak of reset, nations build Bitcoin reserves, and corporations follow. The world is preparing for Bitcoin to replace fiat as the ultimate store of value.

@lnbitcoin

• 6 min read
Bitcoin at $10M–$100M by 2038: Implications for the Dollar and Global Economy
$10M–$100M is realistic, given the U.S. is now piling on $1 trillion in debt every five months - a pace likely to accelerate

Let’s dive into the implications of Bitcoin reaching between $10 million and $100 million per coin by 2038, and what that might mean for the U.S. dollar, other assets priced in dollars, and the broader global economy. This scenario assumes a market cap ranging from $200 trillion to $2 quadrillion (with 21 million Bitcoin in circulation). Given the current date is September 10, 2025, we’ll base our analysis on the latest economic data and trends, while acknowledging the speculative nature of such bold projections.

1. Implications for the U.S. Dollar and Dollar-Priced Assets

Dollar Devaluation:
If Bitcoin climbs to tens of millions per coin, the U.S. dollar would likely face severe devaluation. The current global M2 money supply (a measure of money in circulation) is around $21 trillion (Federal Reserve, 2025 estimate), while the total value of all global assets (stocks, bonds, real estate, etc.) is estimated at $0.9 quadrillion (McKinsey Global Institute, 2024). A Bitcoin market cap measured in quadrillions would dwarf these figures, suggesting the dollar’s purchasing power would erode dramatically.

Relative Value Shift:
Assets priced in dollars—stocks, real estate, gold—would either skyrocket in nominal dollar terms to keep pace with inflation or lose real value as the dollar weakens. If Bitcoin’s rise reflects a flight from fiat currencies, traditional assets might see a temporary surge followed by collapse unless re-priced in a new reserve asset (e.g., Bitcoin itself).

Dollar as Reserve Currency:
The U.S. dollar’s reserve status could be jeopardized. If nations and institutions pivot to Bitcoin or other cryptocurrencies as hedges (as seen with El Salvador’s adoption), the dollar’s dominance might wane, leading to a restructuring of global trade and finance.

But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against “real” goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.
- Mises

2. U.S. and Global Economic Landscape in 2038

Hyperinflation Scenario:
Reaching a multi-quadrillion market cap for Bitcoin would likely require hyperinflation. Historical cases (Weimar Germany, Zimbabwe, Venezuela) show how quickly currencies can become worthless once confidence collapses. In such a world, ordinary goods could cost millions or billions in fiat terms by 2038.

Wealth Redistribution:
Bitcoin holders would amass unprecedented wealth, potentially controlling multiples of the world’s combined traditional assets. This could lead to social unrest, spikes in wealth inequality, and a redefinition of economic power, with nations and individuals who adopted early dominating global finance.

Global Trade:
International trade might shift to Bitcoin or a basket of cryptocurrencies. Countries with their own digital currencies (e.g., China with the digital yuan, EU with a digital euro) may try to compete, but the gravitational pull of Bitcoin’s scarcity could dominate.

Infrastructure Collapse:
If hyperinflation hits, government services (e.g., Social Security, defense) could falter without drastic reform, potentially leading to a fragmented U.S. economy or a prolonged global recession.

3. Cost of a House in Dollar Terms

Current Baseline:
As of Q3 2025, the median U.S. home price is approximately $450,000. Housing prices have risen faster than inflation due to supply constraints.

Hyperinflation Projection:
If Bitcoin soars to $10M–$100M per coin, housing prices could inflate to millions or even tens of millions of dollars in nominal terms. However, when priced in Bitcoin, homes may actually fall in value, since a fraction of a Bitcoin could buy a house.

Elon Musk’s fight against wasteful spending with DOGE highlighted his belief that governments fail to tackle reckless fiscal policy. In February 2025, he warned unchecked inflation could ‘destroy’ the U.S. dollar.

Adjusted Reality Check:
Such extreme numbers imply a near-total breakdown of the dollar. A more moderate outcome assumes steady inflation (5–10% annually) alongside Bitcoin adoption. This would push U.S. home prices to $1–2 million by 2038 in nominal terms, while the real cost (when priced in Bitcoin) may drop dramatically.

Jack Dorsey, as the co-founder of Block, Inc. (formerly Square), has unparalleled access to some of the best financial data in the industry, thanks to Square's dominance as the largest provider of small business payment terminals in the U.S. With an estimated 30% market share. This data trove, spanning sales trends, consumer spending patterns, and cash flow dynamics, gives him a strategic edge in anticipating market shifts, such as the potential rise of Bitcoin to $1 billion, as speculated by analysts like Jurrien Timmer.

4. Feasibility and Counterpoints

Economic Limits:
A multi-quadrillion Bitcoin market cap exceeds the net worth of all global wealth, suggesting Bitcoin would need to become the primary store of value, displacing nearly every other asset. This requires near-universal adoption, which some peer-reviewed studies deem more likely with massive regulatory and technological shifts.

Mitigating Factors:
Central banks might respond with aggressive interest rate hikes or their own digital currencies. The Federal Reserve’s 2025 rate pause (2.5%) shows caution, but future policy could either extend the dollar’s life or accelerate its decline.

Alternative Outcome:
If Bitcoin’s rise reflects dollar weakness rather than purely intrinsic value, other assets (gold, real estate) might also re-price in Bitcoin terms, creating a dual system where fiat continues in name only.

Article Conclusion

If Bitcoin reaches $10M–$100M by 2038, the U.S. and world could face hyperinflation, with the dollar losing most of its value and house prices measured in millions. The U.S. might see economic fragmentation, while globally, Bitcoin could redefine wealth and trade. However, this hinges on extreme adoption and inflation scenarios. A more tempered outcome, Bitcoin at $5–10M with moderate inflation, seems more aligned with current trends.

My Personal View

Will Bitcoin hit $100M by 2038? I believe $10M–$100M is realistic, given the U.S. piling on $1 trillion in debt every five months, a pace likely to accelerate. With three halvings (2028, 2032, 2036) tightening supply and game theory driving nations, institutions, and individuals to adopt Bitcoin as a hedge against a crumbling fiat system, this range feels achievable.

But is higher totally out of the question? I don't think it's any more crazy than Satoshi saying "It might make sense just to get some in case it catches on" In 2009, when the usd value of bitcoin was $0.0000000 dollars.

Satoshi created Bitcoin for this scenario, and we're witnessing it play out in real time

A Global Monetary Reset Is Underway

The U.S. is now adding roughly $1 trillion to our debt every five months, more than double the rate of the previous decade. Globally, it’s worse. Is that not the road to hyperinflation? Elon Musk, Jack Dorsey, and countless historians have warned of this outcome. World leaders are now openly acknowledging it, and many countries are preparing for it.

A global monetary reset is underway. The United States is discussing it, world leaders are acknowledging it, and many countries along with major players are preparing for it.

Countries

  • El Salvador (adopted Bitcoin as legal tender)
  • United States (established Strategic Bitcoin Reserve in 2025)
  • Bhutan (holds Bitcoin reserves and operates state-owned mining)
  • China (holds Bitcoin from law enforcement seizures)
  • Czech Republic (considering Bitcoin reserves)
  • Brazil (considering Bitcoin reserves)
  • Argentina (expected to adopt Bitcoin as strategic reserve in 2025)
  • Paraguay (planning strategic Bitcoin reserve)
  • Indonesia (exploring Bitcoin as national reserve)
  • Malaysia (considering Bitcoin reserves)
  • Hong Kong (considering Bitcoin reserves)
  • United Arab Emirates (Dubai accepts Bitcoin payments)
  • Japan (considering Bitcoin reserves)
  • Australia (considering Bitcoin reserves)
  • Latvia (preparing Bitcoin reserves)

    States (US)
  • Texas (Texas Bitcoin Reserve)
  • Louisiana (accepts Bitcoin payments via Lightning Network)
  • North Carolina (introduced bill to accept tax payments in Bitcoin)
  • Missouri (removing capital gains tax on Bitcoin)

    Companies
  • MicroStrategy (holds Bitcoin as treasury reserve)
  • Tesla (holds Bitcoin as treasury reserve)
  • Metaplanet (holds Bitcoin as treasury reserve)
  • Semler Scientific (holds Bitcoin as treasury reserve)
  • Galaxy Digital (holds Bitcoin as treasury reserve)
  • Hut 8 (holds Bitcoin as treasury reserve)
  • Coinbase (holds Bitcoin as treasury reserve)
  • BlackRock (holds Bitcoin directly and via ETF)
  • PayPal (supports Bitcoin payments)
  • Visa (supports Bitcoin payments)
  • Trump Media (holds Bitcoin as treasury reserve)
  • Volkswagen Singapore (accepts Bitcoin payments)
  • Linekong Interactive (holds Bitcoin as treasury reserve)
  • Prenetics (holds Bitcoin as treasury reserve)
What happens if Bitcoin isn’t just digital gold, but becomes the foundation of the entire global economy, worth $10M to $100M per coin by 2038? It might make sense to get some because it's starting to look like this Bitcoin thing is catching on.