Why $1 Million Bitcoin Is Coming

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We are standing on the precipice awaiting mass adoption any day now – Bitcoin is about to spread like wildfire across the world

Why $1 Million Bitcoin Is Coming

“Bitcoin is officially mainstream. By the end of the last mega-bull market in 2017, most of the world had heard of bitcoin (BTC, +11.9%). But after Tesla recently purchased $1.5 billion for its corporate treasury and not for a speculative research and development sleeve, those still thinking bitcoin was a fad exposed themselves as woefully under-informed.

Tesla’s purchase underpins something even more dramatic than mainstreaming bitcoin as a legitimate cash-replacement for the world’s largest corporate, financial, and government institutions. These sudden influxes in demand, including a handful of recent bond-issuance-fueled purchases by MicroStrategy, are having an extreme impact on the bitcoin price. I believe we’ll see the price of bitcoin above $1 million sooner than most people can fathom.”

https://www.coindesk.com/why-1-million-bitcoin-is-coming

 

Master Asked on March 1, 2021 in Bitcoin.
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