$BTC to a $1 Million and above?
Robert Kiyosaki and Micheal Slayer: $13 Million dollars a Bitcoin
Trump's Son: $1 Million Dollar Bitcoin. And many more key figures have made bold Bitcoin price predictions at $1 Million and above.
a reality or a dream that will never come true?
There Will only ever be 21 Million Bitcoins in existence! That limited supply creates insurmountable scarcity making Bitcoin "Digital Gold".
Currency can be printed thus increasing it into circulation. E.g, Central Banks of the Major global super power engaged in about $25 Trillion dollars of quantitative Easing since the 2008 global financial Crisis of which $9 T of that total was only printed during the COVID 19 era.
Money Can't be Printed and so is a store of Value. In that case gold has proved to serve that purpose for generations. It has stood the test of time.
At the time of writing more than 60 public companies globally are adopting the Bitcoin coin strategy.
The US is considering making Bitcoin a Strategic Reserve Asset.
The governments of El Salvador, Bhutan also in the same line and many more by the way
Russia is extending support for Bitcoin Mining. and one of the advisors there, also proposed to the government a Bitcoin reserve strategy for the Country.
Institutionalization through Exchange Traded Funds. In fact, the Bitcoin ETFs now holds more Bitcoins than Satoshi Nakamoto!
Bitcoin demand is exponentially growing through the roof.
Now, Imagine such unprecedented demand on an asset with a 21 Million Cap.
Senator Lumis already tabled a proposal to the American government on how to make gradual Bitcoin Purchases and for how long to hold it.
Remember some senators go even further to propose that the government should sell on the gold reserves and buy Bitcoin instead.
Demand and Supply determines the Price.
if Bitcoin is made a strategic reserve asset for the US, Higher Bitcoin prices will imply that America needs a few Bitcoins on the balance sheet to offset the unsustainable debt crisis.
if Bitcoin was at $13 Million per coin today forexample, the US will only need about 2.7 Bitcoins on the balance sheet to solve the debt crisis.
Market Cap limitation?! We will come to that don't worry!
Always remember to keep a percentage of your crypto holdings into a store of Value.
Not a Financial Advice always DYOR
Peace Love and Harmony
