Can bitcoin reach a million dollars?

Here’s the short answer: Yes, Bitcoin can reach $1,000,000 if institutional adoption accelerates and a sound regulatory framework is implemented. It will have a fully diluted market capitalization of $21 Trillion, which is predicted by datamodels to happen within the next decade. Bitcoin at a million bucks seems abstract and far away.

Will bitcoin hit $40,000?

Personally, I’m on record that bitcoin will hit $40,000, less than double from the time of writing. At this point, this forecast seems like a foregone conclusion. But the estimate that really keeps my blood flowing is bitcoin one million. That’s right, $1 million.

What is a controversial $1 million price target for bitcoin?

A controversial $1 million price target for Bitcoin just got more controversial. Back in April, legendary investor Cathie Wood of Ark Invest turned heads in the crypto world with a breathtaking Bitcoin ( BTC -1.07%) price prediction of $1 million. That, of course, was before the market meltdown.

Will bitcoin become a global reserve currency?

Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline. “I think that bitcoin will eventually rise to become the global reserve currency.