As the 4th Bitcoin Halving concluded, experts have offered bold predictions for BTC’s future. Ecoinometrics, a leading crypto insights provider, has set the upper bound for the Bitcoin price in the fourth halving cycle at an astounding $4.5 million. In addition, a Bitcoin maxi offered a staggering $1 million target for BTC price.
Will BTC Surpass $1 Million?
In a statement, Ecoinometrics emphasized, “Some people think Bitcoin is due for more diminishing returns over the next four years. I think that’s not a hard rule.” They cited the example of large cap tech stocks to explain the situation. The analyst added, “Megacap tech stocks are not suffering from diminishing returns. And Bitcoin is currently playing in the same category in terms of market size.”
However, they expressed skepticism on the Bitcoin price surging as high as $4.5 million within the next few years. Moreover, the analyst also mentioned that the upper limit has been set considering that BTC will mirror the u
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