What Bitcoin Did The Path to $10 Million Bitcoin | Eric Yakes
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Sep 11, 2025 Eric Yakes, author of "The 7th Property" and founder of Epoch, dives into his bold prediction that Bitcoin could skyrocket to $10 million. He discusses the cultural revolutions and institutional adoption fueling this growth. The conversation highlights how belief and narrative shape market dynamics more than fundamentals do. Yakes also explores what a Bitcoin-dominant world might entail, from shifts in time preference to new financial architectures, and the challenges posed by traditional banking versus emerging fintech solutions.
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Mass Movement As A Structural Bid
- Bitcoin's core advantage is a mass movement and revolutionary cultural backing that creates perennial demand.
- That qualitative driver can act like a 'Fed put' and sustain buying during downturns.
Bitcoin Followed A Revolutionary Cycle
- Revolutions follow stages: intellectual critique, fanaticism, then pragmatic organizers, and Bitcoin mirrored that path.
- Those social dynamics explain how adoption progressed from cypherpunks to institutional actors.
Fiat Awareness Fuels Adoption
- Cultural literacy about fiat and inflation has spread widely in recent years, shifting popular perception of money.
- That awareness fuels populist demand for alternative money like Bitcoin.
