Prediction: Bitcoin Will Be Worth $1 Million Someday, and It Might Even Be Soon
A single desert spring can green an entire valley, but when the basin dries and the crowd grows, the scramble to secure what's precious inevitably intensifies. Today's financial system feels like that basin on its worst day, with many actors seeking a path to wealth, but with a dwindling pool of hard assets that can't simply be conjured by a government printing press or anything else.Enter Bitcoin (CRYPTO: BTC), a cryptocurrency that has never changed its monetary policy once. While the world's money supply keeps growing, Bitcoin's decelerating supply growth is cemented in cryptographic code.With that in mind, I predict that $1 million per coin is no longer a fringe fantasy so much as an inevitability. Bitcoin could even hit that target sooner than anticipated if things continue as they have been. Here's why.Continue reading
A single desert spring can green an entire valley, but when the basin dries and the crowd grows, the scramble to secure what's precious inevitably intensifies. Today's financial system feels like that basin on its worst day, with many actors seeking a path to wealth, but with a dwindling pool of hard assets that can't simply be conjured by a government printing press or anything else.
Enter Bitcoin (CRYPTO: BTC), a cryptocurrency that has never changed its monetary policy once. While the world's money supply keeps growing, Bitcoin's decelerating supply growth is cemented in cryptographic code.
With that in mind, I predict that $1 million per coin is no longer a fringe fantasy so much as an inevitability. Bitcoin could even hit that target sooner than anticipated if things continue as they have been. Here's why.
