Author Topic: Bitcoin (BTC) Price to Target $1,000,000 After COVID-19  (Read 806 times)

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Bitcoin (BTC) Price to Target $1,000,000 After COVID-19
« on: April 07, 2020, 10:36:00 AM »

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if we evaluate the market cap of Gold (XAU) at $20 trillion, this breathtaking sum is the new Bitcoin (BTC) total addressable market size. Therefore, a 'fair' price for one token from the cryptocurrency's flagship goes to $1,000,000 USD.

Not a Hopium

One seasoned analyst underlined that this evaluation shouldn't trigger any kind of hopium. If it were that easy, the hodlers across the globe would enjoy a six-digit Bitcoin (BTC) price right now. Nevertheless, the new metrics are really meaningful for Bitcoin (BTC) price according to Mr. Wang:

This is not meant to be hopium, but a reminder that TAM is a moving target.

Amidst the COVID19-caused market bloodbath, Bitcoin (BTC) prospectors discuss the 'Gold 2.0' here and there. Recently, Indian billionaire and Bitcoin (BTC) investor Chamath Palihapitiya said that it's too volatile for being valued at such a high number.

However, Mr. Palihapitiya also thinks that 'millions' for one Bitcoin (BTC) isn't an unattainable goal.