Bitcoin Price Prediction: $1 Million Within Reach Next Year, Says Expert
CryptoNewsTerminal Staff05 Aug, 2024
Bitcoin Price Prediction: $1 Million Within Reach Next Year, Says Expert
Samson Mow, CEO of bitcoin technology company Jan3 and a former advisor to El Salvador's adoption of bitcoin as legal tender, believes that "bitcoin has a much higher chance of hitting $1 million next year." While acknowledging the inherent unpredictability of future outcomes, Mow suggests that certain events, such as major institutional investments, could trigger a chain reaction leading to a significant surge in Bitcoin's price. Other experts have also expressed optimism about Bitcoin's long-term prospects, citing factors such as increasing adoption, limited supply, and growing institutional interest.
