[Jeff Booth Says $1 Million Bitcoin Target Is Too Low, Views Dollar-Based Valuation as a Manipulated System] According to a report by Jinse Finance, on September 25, author and *The Price of Tomorrow* writer Jeff Booth stated in a video interview with *Bitcoin Magazine* that a $1 million Bitcoin price target is 'thinking too small.' He argued that pricing Bitcoin in ever-depreciating fiat currencies is equivalent to valuing it within a system manipulated by monetary devaluation, making such targets invalid. In his view, Bitcoin is not just a token or an asset but the beginning of a decentralized, secure, and privacy-focused protocol stack, which will eventually resemble the internet in form and represents the first truly free market in human history. During the interview, Booth also discussed AI valuation and technological deflation. He believes that free markets will drive the price of AI services toward zero, and this deflationary force brought by AI will conflict with the debt-based monetary system. He mentioned the U.S.'s $40 trillion debt, bond yields, and the approximately $350 trillion financial system that is essentially insolvent, linking these issues to AI singularity theories, market fear, and monopolistic regulation. In discussing longer time horizons, Booth touched on Bitcoin's adoption timeline and emphasized that Bitcoin is not merely an asset. He also explored the global expansion of Bitcoin payments and circular economies, as well as concepts like Bitcoin-backed private equity and perpetual ownership enterprises, outlining a deflationary future denominated in Bitcoin.