According to a new price prediction, the price of Bitcoin could reach $10 million, which would make up around 25% of the world’s wealth. The prediction is based on the idea that Bitcoin will become the dominant global store of value, surpassing gold and other traditional assets.
The $10 million price target is based on the assumption that Bitcoin’s market capitalization will eventually reach around $200 trillion, which is roughly a quarter of the estimated total value of all global assets. This would require a significant shift in global wealth towards cryptocurrencies, and would likely take many years to achieve.
While some experts are skeptical of such a lofty price target, others believe that Bitcoin’s potential as a global store of value is still largely untapped. They argue that as more institutional investors and corporations allocate funds towards cryptocurrencies, the demand for Bitcoin and other digital assets will continue to grow, driving up their prices.
It’s worth noting, however, that the cryptocurrency market is notoriously volatile and subject to rapid price fluctuations. As such, any predictions about the future price of Bitcoin should be taken with a grain of salt, and investors should exercise caution when investing in digital assets.