Prediction: Bitcoin Will Hit $1 Million During the Trump Presidency (But It Won't Happen the Way You Think)

Now that Bitcoin (CRYPTO: BTC) has hit the $100,000 price level, the future looks very bright indeed. Some forecasts now call for Bitcoin to hit a target price of $1 million within the next decade.But it may not take a full decade for Bitcoin to hit the $1 million mark. At the recent Bitcoin 2025 conference in Las Vegas, Arthur Hayes, the billionaire co-founder of cryptocurrency exchange BitMEX, outlined a potential scenario by which Bitcoin could hit a price of $1 million as early as 2028. So is he right?There are a number of different ways to come up with a price of $1 million for Bitcoin. One popular approach is to look at current Bitcoin adoption rates around the world and then extrapolate how fast Bitcoin could grow over the next decade. The more use cases you can find for Bitcoin, and the faster that Bitcoin grows, the higher the price target becomes. That's how Cathie Wood of Ark Invest came up with her original $1 million price target for Bitcoin.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool