Cryptocurrency Q&A
Will Bitcoin reach $10 million?
Will Bitcoin reach $10 million?
charlotte_wright_coder
Fri Nov 15 2024
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5 answers
1187
I'm wondering if Bitcoin, the popular cryptocurrency, has the potential to reach a value of $10 million per coin in the future. I'm interested in understanding the possibilities and factors that could influence such a significant increase in its price.
5 answers
Raffaele
Sun Nov 17 2024
By evaluating the markets that Bitcoin is posing a challenge to, such as bonds, gold, and real estate, Moss has provided an insightful estimation.
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DaeguDivaDanceQueenElegance
Sat Nov 16 2024
This would represent a monumental increase in the value of Bitcoin, underscoring its potential as a store of value and a hedge against inflation.
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EnchantedDreams
Sat Nov 16 2024
He suggests that if Bitcoin were to capture just 10% of these markets, its potential market capitalization could reach a staggering $90 trillion.
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CryptoWizardry
Sat Nov 16 2024
This figure is derived from the assumption that Bitcoin's market share in these sectors would significantly increase, reflecting its growing popularity and acceptance as a viable investment option.
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Chloe_emma_researcher
Sat Nov 16 2024
If this were to happen, and given the fixed supply of 21 million Bitcoin coins, the value of each coin could potentially rise to around $10 million.
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