• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Forecast: US Reserve Potential and Price Surge to $1 Million

user avatar

by A1

15 hours ago


Leading experts are discussing the possibility of a US Bitcoin reserve impacting its price.

Jeff Park's Forecast

Jeff Park, head of alpha strategies at Bitwise Invest, suggested that the price of Bitcoin could reach $1 million if the US creates a Bitcoin reserve. He believes that the only way to reach such a level is with the reserve, but he only sees a 10% chance of this happening next year.

That’s the only math in which Bitcoin can hit $1mm+ in 2025 when it happens.Jeff Park

Senator Lummis' Initiative

Earlier this year, Senator Cynthia Lummis introduced a draft bill requiring the U.S. Treasury to acquire 1 billion Bitcoins over five years. This idea has garnered significant attention, with various pundits debating its viability.

Skepticism and Alternative Predictions

While the idea of a US Bitcoin reserve is being discussed internationally, there are skeptics. The Japanese government has expressed doubts about investing some of its currency reserves in Bitcoin. Galaxy CEO Mike Novogratz is also skeptical, but believes that if the US takes such steps, the price of Bitcoin could rise to $500,000. Fundstrat's Tom Lee predicts Bitcoin could reach $250,000 with a reserve.

Discussions around a US Bitcoin reserve continue. Despite skepticism, the potential impact on Bitcoin's price draws interest from investors and analysts.

0

Share

Other news

MIRA Portfolio: Token Faces Losses Amidst Volatility

MIRA token, linked to rare disease research, faced significant losses following its volatile price shifts.

user avatarA1

15 minutes ago

Squid Game Token Scam: History Repeats

The recent downfall of Squid Game Token exemplifies crypto fraud once again.

user avatarA1

16 minutes ago

Cardano's Price Surge Fuels Interest in Crypto Markets

Cardano (ADA) gains traction with a 3% increase. Critical support can lead to a $1.45 price mark.

user avatarA1

16 minutes ago

Major Content Update on X Under Elon Musk's Leadership

Elon Musk introduces reputation algorithms for X, overturning social network norms.

user avatarA1

17 minutes ago

Optimistic Forecasts: Bitcoin and Ethereum Set to Reach New Highs in 2025

Traders on prediction markets foresee record prices for Bitcoin and Ethereum by 2025, driven by macroeconomic trends.

user avatarA1

17 minutes ago

Expected Growth for Polkadot while Qubetics and ZIGnaly Gain Traction

Analysts predict growth for Polkadot, as Qubetics and ZIGnaly secure their positions among top December 2024 cryptos.

user avatarA1

19 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.