Bitcoin to $1 Million by 2030? ‘Almost Certainly Not,’ Industry Bigwig Says
Summary
A cryptocurrency industry executive stated that Bitcoin is unlikely to reach a one million dollar price target by the year 2030. While he believes the digital asset could climb significantly higher within that timeframe, achieving the million-dollar milestone would demand an unrealistic amount of new capital.
Bitcoin (CRYPTO: BTC) could reach $300,000 to $400,000 by 2030, but a $1 million price target is unrealistic as it would require an enormous influx of capital to reach that milestone, according to Dragonfly Capital managing partner Haseeb Qureshi. “Almost certainly not,” he said when asked whether Bitcoin could reach that level. Speaking on Cointelegraph’s Trade Secrets, Qureshi said macroeconomic…
Source: Read the full story at Top Stories Feed