Artificial intelligence could eventually propel Bitcoin (CRYPTO: BTC) to a valuation of $600,000 to $1 million, according to 22V Head of Macro Research Jordi Visser.

The analyst laid out his thesis in an interview with Anthony Pompliano on Sunday, saying that Bitcoin will be the beneficiary of liquidity flows to blockchain-based financial infrastructure.

The $1 Million Bitcoin Math

Visser’s bull case starts with a major expansion in total crypto market value.

He said traditional financial assets total roughly $700 trillion, while crypto remains only a fraction of that market.