$BTC Getting to $1 million?
Letto ora su The Motley Fool
"Bitcoin's present situation shows that it has cemented itself as a legitimate financial asset. Its scarcity, with a hard supply cap of 21 million units, stands impressively against fiat currency debasement.
This favorable setup gives me confidence that Bitcoin's price will rise roughly 900% to reach $1 million in 10 years. Gold is often compared to Bitcoin because they are both neutral, global, and scarce assets. The precious metal has a market value of $22.2 trillion, about 10 times higher than Bitcoin. It's not a stretch to expect the crypto to match gold's value in 2035.
It's worth highlighting that Bitcoin has much better qualities than gold. Bitcoin is portable, divisible, and verifiable. And it can be used in transactions. Plus, Bitcoin looks likely to be a key financial instrument in a world that is only becoming increasingly digital.
Therefore, maybe a $1 million price target will prove to be conservative in the grand scheme of things, as Bitcoin should eventually be worth much more than gold."
DYOR e seguimi!
Letto ora su The Motley Fool
"Bitcoin's present situation shows that it has cemented itself as a legitimate financial asset. Its scarcity, with a hard supply cap of 21 million units, stands impressively against fiat currency debasement.
This favorable setup gives me confidence that Bitcoin's price will rise roughly 900% to reach $1 million in 10 years. Gold is often compared to Bitcoin because they are both neutral, global, and scarce assets. The precious metal has a market value of $22.2 trillion, about 10 times higher than Bitcoin. It's not a stretch to expect the crypto to match gold's value in 2035.
It's worth highlighting that Bitcoin has much better qualities than gold. Bitcoin is portable, divisible, and verifiable. And it can be used in transactions. Plus, Bitcoin looks likely to be a key financial instrument in a world that is only becoming increasingly digital.
Therefore, maybe a $1 million price target will prove to be conservative in the grand scheme of things, as Bitcoin should eventually be worth much more than gold."
DYOR e seguimi!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,889.49
+0.34%