Bitcoin at $1M? ‘At one penny a satoshi, it’s inevitable’ — Top mining exec

Frank Holmes, executive chairman of Hive Digital Technologies Ltd.,a Bitcoin mining company, believes Bitcoin’s path to $1 million is inevitable as adoption grows and new use cases emerge.

Speaking on Roundtable with host Rob Nelson, Holmes explained that the value of Bitcoin is deeply tied to its smallest unit — Satoshis — and the growing demand for rare and unique Bitcoin inscriptions, also known as Ordinals.

“I was asked why [Bitcoin] would go to a million dollars,” Holmes said. “And I said the invention creation of Ordinals demonstrated that to me. Because one Bitcoin, as you know, is a hundred million Satoshis, and those Satoshis are 0 cents. And for certain numbers, we were offered a quarter million dollars, like more than $10 a Satoshi for these numbers.”

He compared Bitcoin’s potential price increase to the idea that individual Satoshis could be worth one cent each in the future.

“At one penny a Satoshi, Bitcoin’s a million dollars,” Holmes said. “But we’ve been offered $10 for several of our Satoshis, a quarter million dollars for a basket of them.”

He believes Bitcoin’s “complex adaptive system” and increasing adoption will drive demand, pushing Bitcoin to $1 million per coin.

Tokenization of AI and real-world assets

Investor and futurist Armando Pantoja also sees massive opportunities in crypto beyond Bitcoin’s price appreciation. He predicts that the next major wave in blockchain innovation will be the tokenization of real-world assets and artificial intelligence (AI) models.

“The two biggest opportunities early for crypto are tokenization of real-world assets and tokenization of AI models,” Pantoja said.

Pantoja explained that companies are now developing AI systems that function like employees, with Nvidia’s CEO Jensen Huang recently announcing plans for “AI employees” that businesses can train just like human workers.

“You can bring them in and have them start working for you like an accountant, customer support, or whatever you need,” he added. “And I think one day, especially independent people who create AI models, they can raise capital or they can find a way to monetize them by tokenizing that AI model.”

Nelson noted that AI assistants are becoming increasingly viable and suggested that in the future, people might invest in AI models just like they invest in companies.

“They’ll become their own entities,” Pantoja agreed. “An AI model can run an entire company from the CEO down. So that’s just like investing in the company.”