###The professional trader and market analyst Willy Woo made a strong statement about his long-term price target for bitcoin (BTC). However, unlike those who focus on nominal figures in dollars, Woo set his sights on a much more ambitious horizon: the global gross domestic product (GDP) divided by the 21 million bitcoins that will exist at most.

Woo's projection has profound implications for the role that bitcoin could play in the global monetary system.

"My long-term target for the price of BTC is not in dollars, as that currency continues to be devalued. My target is the global GDP divided by 21 million. With a margin of error of +/- 50%. This will take, more or less, a couple of decades," Woo wrote.

What Woo anticipates is a true revolution in the way economic value is conceived. Instead of thinking of bitcoin as an asset measured in dollars, he proposes imagining a world where the dollar is no longer the benchmark. That is, a scenario in which bitcoin itself functions as a global unit of account.