How will the price of Bitcoin reach one million dollars? An analyst explains what it takes.
Fred Krueger, a cryptocurrency analyst, says that Bitcoin will need to pump more than a trillion dollars of new capital into the market to reach its price target of one million dollars by 2035. Krueger believes that to achieve this goal, factors of "means, incentives, and opportunities" must be provided.
According to Krueger, Bitcoin issues about 10 trillion dollars of new money annually. Bitcoin only needs to attract 10% of this money to achieve its goal. The analyst notes that more than 100 trillion dollars of new money will be printed over the next ten years, and Bitcoin could reach one million dollars by attracting just 1% of this money.
Krueger stated that every new dollar and euro printed loses its value, and that the annual increase in supply of 7% weakens purchasing power. The analyst added that this situation drives investors to seek an asset that maintains its value. He said: "Bitcoin stands out as the only cash asset that has a completely fixed supply." According to Krueger, Bitcoin is now available through ETFs, corporate bonds, and even government reserves. He pointed out that there is a regulatory framework and strong infrastructure to welcome institutional investors. He added: "For the first time in history, annual capital flows.
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