Us Bitcoin Buy Could Send Price to $1M, Says BPI
Experts from the Bitcoin Policy Institute say a single US policy move could send Bitcoin to $1 million. They discussed how growing distrust in the US dollar and rising global interest in gold may open the door for Bitcoin as a reserve asset.
One idea is revaluing US gold reserves to fund a major Bitcoin purchase. A recent White House order supports building a Strategic Bitcoin Reserve, but details are still unclear. If the US buys Bitcoin, it could trigger a global shock and major price surge.
Bitcoin currently trades at $83,594.
