“How will the price of #Bitcoin reach $ 1 million?”
in which it says simply:
“We expect the global ‘store of value’ market to be around $121 trillion over the next 10 years, and if Bitcoin manages to capture just about 17% of this market, the price of one Bitcoin could reach $1 million.”
◾Three important news items for your information ..
Breaking: The $ICP project added 100,000,000 to its market value in the past hour, marking an 11.3% increase, following news of its listing on the Korean platform Upbit.
Large sell orders have started appearing on $BTC between $70,500 and $75,000 📉 This could be a negative signal for the market right now.
If oil reaches $150, America could enter an economic crisis even worse than 2008. After the COVID-19 pandemic, oil prices were between $100 and $120, which was considered high. Therefore, America used its strategic petroleum reserve and consumed about half of it in a year. Now, years have passed since the pandemic, and the reserve has not yet returned to its pre-pandemic level. This means that any further increase in oil prices will be difficult for the American economy to bear, especially since the reserve is already depleted. Reports indicate that every increase in oil prices adds about 0.25% to inflation. With inflation already high, any additional pressure could turn into a crisis.
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