EMJ Capital CEO Eric Jackson has laid out one of the most aggressive long-term bitcoin targets in the space yet, arguing in an interview with reporter Phil Rosen that the cryptocurrency could reach $50 million per coin by 2041. His projection is tied to a thesis that bitcoin will evolve from \u201cdigital gold\u201d into the core collateral layer of the global financial system.<\/p>\n
Jackson said his thinking grows out of the same \u201chundred bagger\u201d framework he used when buying beaten-down equities like Carvana. He recalled entering Carvana after its share price collapsed from around $400 to roughly $3.50 in 2022, at a time when sentiment was almost universally hostile. \u201cYou would hear things like, that\u2019s run by a bunch of criminals. This is what a bunch of idiots. Like you\u2019d have to be an idiot to let your company go from $400 this year to $450 or $350 rather,\u201d he told Rosen.<\/p>\n
For Jackson, that period illustrated how markets behave at extremes. \u201cIt\u2019s human nature almost that when you\u2019re in the moment of max pain or pessimism, you can only see what\u2019s right in front of you,\u201d he said. Yet the underlying product remained strong: \u201cIt wasn\u2019t a broken platform. It wasn\u2019t a broken service [\u2026] they would tell you they loved it. It was so easy. It was the best customer experience they had.\u201d From there, he could \u201cenvision how they were going to be like a much more profitable business\u201d once the company focused on profitability and addressed its debt.<\/p>\n
He applies the same long-horizon lens to bitcoin, arguing that the day-to-day ticker and polarized narratives obscure its structural potential. \u201cWe get so tied to turning on the TV and just seeing, like, what\u2019s the price of Bitcoin today [\u2026] Some people are bearish and they say, oh, it\u2019s a Ponzi scheme. And some people are bullish and they just, you know, throw these like kind of pie in the sky targets that you can\u2019t really tie to reality,\u201d Jackson said. \u201cIt\u2019s kind of hard to latch on to like, what is the value of this thing?\u201d<\/p>\n
Jackson begins with the common \u201cdigital gold\u201d framing<\/a>. He asks how large the gold market is, how many central banks and sovereigns hold it and why. \u201cCould Bitcoin be as big as gold one day? That seems like a safe assumption,\u201d he argued, adding that because it is \u201cdigital\u201d and \u201cprogrammable\u201d rather than a \u201chunk of rock,\u201d younger generations may prefer it as a store of value. But he stresses that this is only part of the story, as bitcoin has not become a medium for daily transactions \u201csince the guy who bought pizza<\/a> with Bitcoin back in like 2011.\u201d<\/p>\n The \u201cpenny dropped,\u201d he said, when he began to think in terms of what he calls the \u201cglobal collateral layer\u201d that underpins borrowing by sovereigns and central banks. Historically, that base layer moved from gold to the Eurodollar system from the 1960s onward, and today is heavily intertwined with sovereign debt. \u201cAll the countries around the world issue debt and then they kind of borrow against that and they do their daily like government transactions,\u201d he noted, but \u201cthere are problems with that.\u201d<\/p>\n In Jackson\u2019s \u201cVision 2041,\u201d bitcoin replaces the Eurodollar and, functionally, becomes the neutral asset that other balance sheets are built upon. He argues that bitcoin is \u201cmuch superior\u201d as collateral because it is digital and \u201capolitical,\u201d sitting outside central banks and the influence of \u201cwhoever the latest treasury secretary here is in the US.\u201d<\/p>\n As with the Eurodollar, he does not see this as a direct attack on the dollar or Treasuries, but as a new underlying layer: \u201cThere\u2019s some underlying thing that a lot of other countries and the financial systems borrow against to kind of do things.\u201d<\/p>\n Eric Jackson (@ericjackson<\/a>) expects bitcoin to hit $50 million by 2041.<\/p>\n He compares his thesis to how he knew Carvana, $CVNA<\/a>, would be a 100-bagger stock pick. pic.twitter.com\/CA9BWoR4zF<\/a><\/p>\n \u2014 Phil Rosen (@philrosenn) December 7, 2025<\/a><\/p>\n Looking ahead 15 years, Jackson envisions sovereigns that currently issue and roll debt instead \u201crely on Bitcoin,\u201d because \u201cover time, like that\u2019s much more logical.\u201d Given the \u201cenormous\u201d scale of the sovereign debt<\/a> world, he argues that if bitcoin becomes the dominant collateral substrate, its price per coin would need to reach orders of magnitude above current levels\u2014hence his $50 million-by-2041 target.<\/p>\n At press time, Bitcoin traded at $91,574.<\/p>","protected":false},"excerpt":{"rendered":" EMJ Capital CEO Eric Jackson has laid out one of the most aggressive long-term bitcoin targets in the space yet, arguing in an interview with reporter Phil Rosen that the cryptocurrency could reach $50 million per coin by 2041. His projection is tied to a thesis that bitcoin will evolve from \u201cdigital gold\u201d into the […]<\/p>\n","protected":false},"author":0,"featured_media":118574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118573"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118573"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118574"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}