Bitcoin continues to attract investor interest due to major company purchases and optimistic forecasts about its price. Some experts expect the cryptocurrency's price to reach a million dollars in the coming years.
Strategic Bitcoin Purchases
Strategy, founded by Michael Saylor, is actively buying Bitcoin. After a recent purchase of 3,459 BTC valued at over $285 million, the total Bitcoin holdings of the company reached 531,644 BTC. Saylor reported that over 13,000 institutions and 814,000 retail accounts hold shares of Strategy, indicating growing interest from both institutional and retail investors. Strategy is also creating unique financial mechanisms that allow investors to gain access to Bitcoin without the need for direct asset custody.
Bitcoin Price Predictions by 2035
Well-known financial educator Robert Kiyosaki predicted that Bitcoin could surpass $1 million by 2035. He also suggests that gold and silver will experience significant price increases. Kiyosaki links this to US inflationary measures and deteriorating economic conditions. Other financial figures like Jack Dorsey and Cathie Wood have made similar predictions, asserting that Bitcoin could become an essential asset amidst economic instability.
Charles Schwab's Plans for Bitcoin Trading
Charles Schwab CEO Rick Wurster announced plans to launch spot Bitcoin trading services by April 2026. He highlighted the increase in investor interest in cryptocurrencies and improving regulations as factors facilitating this move. Schwab has already begun collaborating with Trump Media and Technology Group to develop ETF and cryptocurrency services. Although Wurster admitted he does not currently own any cryptocurrencies, he outlined the directions in which the company intends to expand.
Thus, Bitcoin continues to strengthen as a financial asset due to steady institutional purchases and positive forecasts. The next few years could be pivotal for its further development in the financial landscape.
