Jeff Booth: $1 Million Bitcoin Target Is Too Small Due to Fiat Manipulation

Author Jeff Booth stated in a Bitcoin Magazine interview that a $1 million price target for Bitcoin is too conservative. He argued that pricing Bitcoin in fiat currency is flawed because the fiat system is manipulated by constant devaluation. Booth described Bitcoin as a decentralized, secure, and privacy-focused protocol stack rather than just an asset, comparing its potential to the internet. He also discussed how AI-driven deflation will conflict with debt-based monetary systems, citing the $40 trillion U.S. debt and the $350 trillion global financial system as evidence of systemic insolvency.