Bitcoin rose from $1 in February 2011 to over $100,000 by December 2024, but it is now down 38% from its all-time high of $126,000. The article examines price targets: Cathie Wood's $1 million target for 2030 would require 88% annualized growth, and Coinbase CEO Brian Armstrong's $300,000 target would need nearly 40% a year, compared with Bitcoin's 37% compound annual growth over the past decade. JPMorgan Chase suggests Bitcoin might grow at a compound annual rate of 10% over the next decade, or 17% in an ultra-bullish scenario. At 10% annual growth, a $10,000 investment would be worth roughly $25,000 after a decade, which the author argues is not life-changing wealth. The piece concludes that Bitcoin may not be able to carry a portfolio's performance on its own if expectations are too high.
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