Justin Verrengia
The CEO of Bitcoin Lightning Network wallet Strike Jack Mallers is predicting that the flagship crypto (BTC) could reach a seven-figure price during the current cycle.
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"With gold’s market cap at about $17 trillion and the Bitcoin market cap at about $1.3 trillion, that’s about a 13x from here,” Aaron Arnold explained in the video above. “That would put bitcoin at just over $800,000."
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Early Bitcoin adopter Brock Pierce is revealing what he thinks is a “reasonable” price target for BTC as the flagship crypto moves into a new phase.
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Real Vision CEO Raoul Pal described how crypto adoption rates put the bitcoin price on pace to hit nine figures by THIS particular date.
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Crypto analyst Joe Burnett predicts Bitcoin hitting $14.3 million per BTC: “Bitcoin will become significantly less volatile once it surpasses the total value of global real estate ($300T). ~$14.3M BTC”
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As the 4th Bitcoin Halving concluded, experts have offered bold predictions for BTC’s future. Ecoinometrics, a leading crypto insights provider, has set the upper bound for the Bitcoin price in the fourth halving cycle at an astounding $4.5 million per BTC.
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"Now, $250,000 or a million, or $2 million, or even $10 million per Bitcoin are the numbers that are probably going to happen for a couple of reasons” explains legendary billionaire investor Tim Draper.
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Given the impact of the previous Bitcoin Halving, crypto expert Collin Brown predicts the king crypto (BTC) will reach $455,000 should Bitcoin mirror this pattern.
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Using the Market Value to Realized Value (MVRV) ratio, Willy Woo said BTC could soar to a market high of $650,000 in a bull cycle.
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Animoca founder at WebSummit Rio said he has no doubt that Bitcoin will reach $1 million per BTC: "I do believe that Bitcoin could reach over a million dollars-plus over time. But, I believe, not because it is a store value, but because it will be one of the most important status symbols of the digital economy in the future.”
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Amidst a notable diplomatic engagement between the United States and Iraq, recent statements by Iraq’s Deputy Prime Minister Muhammad Ali Tamim have stirred speculation in the Bitcoin community regarding Iraq’s potential entry into BTC mining at a nation-state level.
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