Ollie Leech,

- "Bitcoin Could Reach $ 1 Million In 5 Years"

  Ollie Leech, - "Bitcoin Could Reach $ 1 Million In 5 Years" Ollie Leech found in the description, “I believe that; The shortage of Bitcoin, which is likely to happen at some stage, will make it an incredibly exciting asset to hold. CoinDesk Learn Editor Ollie Leech said in a statement to Yahoo Finance Live that Bitcoin could reach $ 1 million in the next 5 years. Stating that investors' interest in cryptocurrency increases is rising, Ollie Leech found in the description, “I believe that; The shortage of Bitcoin, which is likely to happen at some stage, will make it an incredibly exciting asset to hold. Stating that it is difficult to know exactly when Bitcoin will pass $ 1 million, Leech stated that the next "Bitcoin Halving" will take place in 2024. Also According to Leech, the Bitcoin halving, an important technical event in which the amount of Bitcoin given to miners is cut in half, will trigger a massive price increase. “The year after the halving always seems to be generating a huge surge,” Leech said. “The last halving for Bitcoin was in 2020, and this year we saw prices boom. I don't know exactly when Bitcoin will surpass $ 1 million, but it will most likely be after 2025. " Bitcoin's market cap is currently over $ 1 trillion. This is about twice the level it was at the beginning of the year.

Ollie Leech found in the description, “I believe that; The shortage of Bitcoin, which is likely to happen at some stage, will make it an incredibly exciting asset to hold.

Factors such as Tesla's investment of $ 1,5 billion in Bitcoin earlier this year, and Morgan Stanley and Goldman Sachs planning to offer crypto exposure to select customers also triggered the price of Bitcoin. Also; Mastercard, PayPal, and Visa have increased crypto exposure over the past few months, allowing Bitcoin to gain momentum in the payment area as well. Wall Street's major banks and payment firms are getting involved in digital assets as a result of customer demand. A recent Mastercard survey revealed that 40 percent of people plan to use cryptocurrency next year. Despite this, some well-known investors remain skeptical. Charlie Munger, partner of legendary investor Warren Buffett, had harshly criticized Bitcoin at Berkshire Hathaway's annual shareholders meeting on Saturday. While Buffett and Munger consider Bitcoin to be highly speculative and overvalued, investors seem to have no intention of giving up on it. If Leech's statement turns out to be true, we could see a rally of more than 1,650 % in the next five years in Bitcoin, which has gained 94 % since January 1.  

Source: Yahoo.Finance

 

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