Cryptocurrency analyst Fred Krueger shared his opinion that Bitcoin could reach a price of $1 million by 2035 if more than $1 trillion in new capital is attracted.
Requirements to Reach $1 Million
Krueger argues that achieving this goal requires fulfilling three elements: means, motivation, and opportunity. He noted that Bitcoin must attract 10% of the $10 trillion that is released each year to reach the target price.
Financial Flows and Investors
Krueger also pointed out that over $100 trillion will be printed in the next decade. Bitcoin could reach $1 million by attracting just 1% of that amount. According to him, the printing of new currencies diminishes the purchasing power of existing ones, leading investors to assets that maintain their value.
Access to Bitcoin and Market Infrastructure
The analyst emphasized that Bitcoin is now accessible through ETFs, corporate treasuries, and even government reserves. He added that a robust entry infrastructure has been created for institutional investors, allowing $10 trillion in annual capital flows to reach Bitcoin.
Thus, achieving the target price of $1 million requires significant investment support and increased interest from institutional investors.
