Bitcoin is experiencing volatility this week, with its price fluctuating between a high of $113,000 and a low of $107,000. It rebounded in value, reaching $110,000 on Tuesday. BTC is among the top-performing assets in the financial markets, having doubled investors’ money in a year. While the bull run is impressive, four analysts predict that Bitcoin is still in its nascent stage and its price will climb above the $1 million mark.
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4 Analysts That Predict Bitcoin Will Go To $1 Million
Michael Saylor, the founder of MicroStrategy, has long been predicting that Bitcoin will go above $1 million next. He stressed that even if 10% of Wall Street invests in BTC, its price could reach there much sooner than expected. Institutional reserve allocation can drive its price up and reward holders in the coming years.
Cathie Wood, the CEO of Ark Invest, has remained bullish on BTC for close to five years. She predicted several times that Bitcoin would not only cross $1 million, but could end up at $1.5 million by 2030. That’s more than 1,000% and could make life-changing gains if her forecast turns accurate.
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Brian Armstrong, the CEO of the cryptocurrency exchange Coinbase, has also predicted that Bitcoin could reach $1 million by 2030. He cites that regulatory clarity, ETFs, and institutional backing would drive its price up in the charts. Armstrong has remained bullish on BTC, advising traders to accumulate it for a better financial future.
Robert Kiyosaki, a long-time Bitcoin proponent, also forecasted that BTC would reach $1 million. The timeframe he cites is also 2030, claiming that the US dollar and the stock market will crash while BTC survives. He has urged investors to accumulate gold, silver, and BTC, while arguing that the traditional forms of investments would collapse. Not a day goes by on social media that he does not predict the doomsday of the traditional financial market.