What is the Next Bitcoin Price, 1 Million? What do you think
Are you wondering about latest Bitcoin price. The recent price hike of Bitcoin has major impact on the global capital market. Financial institutions are willing to sell other assets to buy Bitcoin. They no more consider it a risky asset.
Did you know US dollar has become a scarce in the money market because everyone is optimistic about the appreciation of the US dollar, but because the currency denominated in Bitcoin is the US dollar.
May be you do not believe but in reality international financial players began to frantically sell all liquid assets and began to exchange them for US dollars to buy Bitcoin. The price of Bitcoin rose, while the US dollar was spinning in circles on the cryptocurrency trading platform.
As for the price prediction of Bitcoin, the target price is directly given as 1 million per coin, which is a 10-fold increase compared to the current price. I think that people do not consider right but how you determine this.
The high target price not only represents the U.S. financial market’s optimism about Bitcoin, but more importantly, the blood-sucking effect of virtual assets on the real economy will also increase exponentially.
The surge in the price of Bitcoin has created a huge money-sucking black hole. All easily liquid assets around the world are being converted into U.S. dollars to buy Bitcoin.