What if $100,000 bitcoin is just the beginning? with Vijay Boyapati

In this episode, we sit down with Vijay Boyapati, author of The Bullish Case for Bitcoin, to explore where we really are in the current market cycle and what comes next. Vijay breaks down four frameworks for valuing bitcoin, explains why gold parity is almost inevitable, and outlines how ETFs and corporate treasury strategies are reshaping adoption. We talk through HODL waves, why the current price action still feels boring, and what it might take to push bitcoin to $10mm+ per coin. Vijay also discusses quantum computing and AI as emerging risks, the importance of ossification, and how a future of abundance may still require sound money. Finally, he shares what he’d update in his original thesis and why the story of Satoshi may become one of the defining legends of the next thousand yearsSUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show with your friends and family→ Send us an email [email protected]→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description→ Read Joe Burnett’s new report, Repricing the Economy in Bitcoin: https://www.unchained.com/go/repricing-the-economy-in-bitcoin?utm_campaign=strivereport&utm_medium=podcast&utm_source=tbf&utm_content=youtubeTIMESTAMPS:0:00 - Intro2:08 - Valuing bitcoin at $1M and $10M4:01 - HODL waves and the psychology of selling5:49 - Four frameworks for bitcoin valuation10:06 - Why bitcoin surpassing gold is nearly certain12:27 - How early we still are in global adoption14:38 - Why ETFs changed the bitcoin game17:32 - How MicroStrategy tapped the bond market20:36 - What’s holding bitcoin back today22:41 - Why hyperbitcoinization is unlikely this cycle23:18 - How bitcoin cycles crash and reset27:11 - What could break the MicroStrategy model29:34 - How long-term investors may soften future crashes30:27 - Would you change anything in the bullish case?35:06 - Quantum computing and bitcoin’s biggest risk38:02 - Will AI abundance make money obsolete?41:29 - Why time guarantees bitcoin’s role in the future46:00 - Bitcoin ossification vs. protocol changes49:27 - Will self-custody or custodians win long term?51:40 - What would Satoshi think today?54:19 - Is bitcoin a digital organism?56:05 - Outside of bitcoin, what excites Vijay most?57:09 - Where to find Vijay and his workWHERE TO FOLLOW US:→ Unchained X: https://twitter.com/unchained→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Joe Burnett’s Twitter: https://twitter.com/IIICapital→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD→ Vijay Boyapoti’s Twitter: https://x.com/real_vijay