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βοΈ Cryptoπ’ BullishImportance 6/10
Bitcoin price can hit $1m if store-of-value market continues breakneck growth: Bitwise
π€AI Summary
A Bitwise crypto executive suggests Bitcoin could reach $1 million per coin through continued growth in the store-of-value market, without necessarily replacing gold as the primary safe-haven asset.
Key Takeaways
- βBitcoin price could hit $1 million according to Bitwise analysis of store-of-value market growth.
- βBitcoin doesn't need to fully supplant gold to achieve significant price appreciation.
- βThe store-of-value market growth trajectory supports bullish long-term price projections.
- βCrypto executives are positioning Bitcoin as a complementary rather than replacement safe-haven asset.
Read Original βvia DL News
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