
This is why many crypto industry insiders think Bitcoin could hit $1 trillion by 2029.
Bitcoin does not need to innovate to reach $1 million if investors and institutions continue to bring in new capital.
As new supply continues to become increasingly scarce, its price is likely to rise in the long run rather than lower.
At the very least, this is an argument that is being raised by more and more people in the crypto industry.
That thought the $1 million mark pin was closer than most people expected, and on May 1, 2025, high levels were forecast again.
This time comes from Andre Dragosch, head of European research at Bitwise Asset Management.
Which predicts that Bitcoin will reach that goal by 2029.
ref https://www.nasdaq.com/articles/heres-why-many-crypto-industry-insiders-think-bitcoin-could-reach-1-million-2029
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