Analysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as $10 million per BTC by the 2030s.
“First they ignore you, Then they laugh at you, Then they fight you, Then you win” -Mahatma Gandhi
At its recent peak, Bitcoin’s market cap hit $1.2 trillion. To give you some perspective, that’s bigger than the four largest banks in the United States combined (JP Morgan, Bank of America, Citi, Wells Fargo), as well as the four largest payments platforms combined (Visa, Mastercard, PayPal, Square).
As most long-term holders understand, a confluence of critical factors will continue to aid in the proliferation of crypto adoption across the world.
Among them:
Corporations accepting payments via cryptocurrencies
Institutions holding crypto on their balance she
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