Why do some people say Bitcoin can reach $1 million each?
Bitcoin at $550,000 could surpass the market value of gold.
You must understand that gold is bought up by national capitals of various countries; retail speculation alone won't make a difference.
Unless the U.S. really sells all its gold reserves and instead buys Bitcoin, there’s a possibility for that to happen...
If it were to rise to $1 million, then both China and Russia would have to buy up all the Bitcoin too, and even then it might not be enough.
When everyone is filled with infinite anticipation for Bitcoin, haven’t you noticed it’s struggling to rise?
After breaking the new high in 2017, it increased 20 times in a year; after breaking the new high in 2021, it increased 3.5 times in a year.
And this year? It broke the new high and then fluctuated for half a year, hesitantly climbing to $90,000...
Retail investors may be thoughtless, but big institutions are definitely fearful of heights.
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