Hedge fund manager predicts Bitcoin to $50M

Pooja Rajkumari

Tue, February 17, 2026 at 7:15 AM GMT+9 3 min read

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Back in 2009, when Bitcoin (BTC) first launched, few could have imagined it would ever approach $100,000.

Today, it might be trading around the $67,000 mark, but just last year, King Crypto climbed to a record $124,000 in October.

Still, one hedge fund manager believes that even six-figure prices barely scratch the surface of Bitcoin’s long-term potential.

Related: Cardano founder predicts Bitcoin could hit $250K by 2026 — Is it realistic?

Hedge fund manager’s wild Bitcoin prediction

In an interview with Phil Rosen, EMJ Capital CEO Eric Jackson has projected that Bitcoin could reach $50 million per coin by 2041,

At current prices, that would represent roughly a 74,527% increase.

His thesis is based on what he describes as a long-term collateral transformation in global finance. He argued that Bitcoin could evolve into what he calls “neutral global collateral.”

**“This isn’t just digital gold, this isn’t some Beanie Babies,” **Jackson said. “It is actually going to be a dominant way that we borrow against to do things.”

Rather than replacing existing systems outright, Jackson believes Bitcoin could operate beneath them, serving as a foundational asset that global markets borrow against. However, he stressed that this vision depends on Bitcoin maintaining its apolitical character and functioning as a neutral reserve asset.

To illustrate the concept, he pointed to gold’s historical role in global finance.

“The thing that you hear most about is, ‘oh it’s digital gold,’ ‘is this going to be like the new version of gold?’” Jackson said. “And you can say, ‘well how big is gold today? How many central banks around the world own it? How many sovereigns own it?’ So, could Bitcoin be as big as gold one day? That seems like a safe assumption.”

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Bitcoin’s journey to $50 million

Jackson’s $50 million forecast is tied to what he calls “Vision 2041,” a long-term framework built around the size and structure of global sovereign debt markets. He explains that global finance has historically evolved through different forms of collateral, and the next shift could center on Bitcoin.

He traced the evolution of financial systems from gold-backed monetary regimes to offshore dollar markets that expanded in the 1960s.

According to Jackson, the Eurodollar system, which os a network of U.S. dollar deposits held outside the United States, played a key role in shaping modern global liquidity and today’s debt-driven structure.

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The Eurodollar market consists of U.S. dollar–denominated deposits held in banks outside the United States, originally in Europe but now globally. These deposits are not subject to U.S. banking regulations or Federal Reserve oversight. Over time, the Eurodollar market became a major source of offshore dollar liquidity, supporting international lending, trade finance, and capital flows.

Jackson believes Bitcoin could eventually take on a similar role, replacing the Eurodollar as a neutral collateral asset underpinning global borrowing.

He described Bitcoin as “much superior” collateral because it is digital, scarce, “apolitical” and operates outside central bank control. However, he clarified that this shift would not necessarily displace the U.S. dollar or Treasuries directly.

Instead, Bitcoin could function alongside existing systems, as a foundational reserve asset in a future global financial architecture.

Related: JPMorgan turns bullish on crypto in 2026 despite crash

This story was originally published by TheStreet on Feb 16, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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