Bitcoin Magazine has published a new video interview with Jeff Booth, author of The Price of Tomorrow, in which he argues that a $1 million Bitcoin price target is thinking too small. The full interview is available on Bitcoin Magazine.

Booth explains why valuing Bitcoin in dollars means pricing it from a game that is rigged by debasement. He argues that Bitcoin is not just a coin or an asset, but the beginning of a decentralized, secure, and private protocol stack that will look a lot like the internet. In his view, Bitcoin is evidence of the first free market that has ever existed.

The framing matters because the familiar debate usually centers on a single number — whether Bitcoin's dollar price reaches seven figures. Booth's position, as laid out in the interview, is that the yardstick itself is the issue: pricing anything in a currency subject to debasement, he argues, means a dollar-denominated target understates the change he is describing. That case draws on the technological-deflation thesis associated with his book — advancing technology pushing prices toward zero while a debt-based monetary system relies on continued expansion — a tension the chapters trace from AI valuations through the cited figures of $40 trillion in US debt and a $350 trillion insolvent system to productivity in a deflationary future.

The interview is organized into the following chapters:

• 0:00 — Jeff Booth, The Price of Tomorrow & Technological Deflation
• 0:30 — AI Valuations & Why Free Markets Push AI Prices Toward Zero
• 1:29 — AI Deflation vs the Debt-Based Monetary System
• 2:38 — $40 Trillion US Debt, Bond Yields & the $350 Trillion Insolvent System
• 4:06 — AI Singularity Claims, Fear & Monopoly Regulation
• 6:50 — Productivity & Bitcoin's True Value in a Deflationary Future
• 8:43 — Why a $1 Million Bitcoin Price Target Is Thinking Too Small
• 10:11 — Bitcoin Adoption Timeline & Why Bitcoin Isn't Just an Asset
• 12:38 — Bitcoin Payments & Circular Economies Scaling Worldwide
• 13:49 — Bitcoin-Backed Private Equity & Owning Businesses Forever

The headline argument lands in the 8:43 chapter, with the segments that follow extending it to adoption timelines, payments and circular economies, and bitcoin-backed private equity — a progression readers can navigate directly through the timestamps above.

DISCLAIMER:** The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post first appeared on Bitcoin Magazine and is written by Patrick Green.