The Case for a Million Dollar Bitcoin
A far-fetched dream or a probable reality?
*Disclaimer: Any information and opinions found on this page are not to be considered as financial advice. You should do your own research before making any investment decisions.
January 3rd 2021 was the 12th birthday of Bitcoin since the inception of the genesis block. And there are good reasons to celebrate. The news of Bitcoin constantly breaching new highs is a welcoming narrative by all HODLers and bulls alike. While the price is still going parabolic as we speak, the million-dollar question is now again on the table — how likely is it for Bitcoin to add six zeros in its value?
I posted this question on Reddit mid-December and has since gathered more than 50 opinions in the discussion thread. I studied and compiled the opinions and analysed the rationales behind them.
The Probability
From single-digit to double-digit probabilities, most certainly a non zero chance.
Most arguments seem to align with the narrative that Bitcoin will continue to raise its prominence as the preferred store-of-value asset…
