Flash Bitcoin Prediction from a Famous Name! Cryptocurrency King May Make a Big Attack in the Short Term!

Andrew Kang, co-founder of crypto investment company Mechanism Capital, predicts that Bitcoin (BTC) can reach $ 1 million in the short term. While Kang attributed this prediction to Bitcoin's stronger performance than expected recently, he stated that there could be a large increase in the value of the largest cryptocurrency, especially despite the difficulties in the market structure.

Listed Catalysts for $1 Million Target

According to Kang's prediction, the potential trigger for the huge increase in Bitcoin's value could be the acceptance of the largest cryptocurrency as a national reserve asset. However, no guarantee is given on this matter. On the other hand, rumors that the USA will accept Bitcoin as a national reserve asset if US Presidential candidate Donald Trump is re-elected as president attract the attention of investors. Kang emphasized that such a step would increase Bitcoin's "asymmetric upside potential", which currently makes Bitcoin low-priced.

It is predicted that if the USA adopts such a strategy, other countries may take similar steps. Kang also pointed out rumors that large Asian companies may also take on the role of Western companies such as MicroStrategy and Coinbase.

Some leading experts and analysts, such as Kang, state that political developments support the price of Bitcoin and that the possibility of US President Joe Biden withdrawing from candidacy in the 2024 elections increases. These dynamics may continue to attract investors to Bitcoin.

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