During the WebSummer Rio conference in Brazil, Animoca Brands founder Yat Siu said that Bitcoin will be worth more than $1 million in the near future. Siu made his statement during the event titled "Bitcoin's Revenge: Is Web3 Coming Back". At the same time, he said that the acceptance of Bitcoin by institutional investors is not as important as the development of blockchain-based financial services and games in Web3.

"I believe that Bitcoin can reach $1 million or more. But this will not be because BTC has become a means of accumulating wealth, but because it will be one of the most status symbols of the digital economy of the future. Look at the Philippines, some Latin American countries - millions of people do not have access to banks, university or even school education. But now they have cryptocurrency wallets and are therefore included in the financial system, becoming educated in it, learning through games," Yat Siu noted.