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⛓️ Crypto🟒 BullishImportance 6/10

Bitcoin price can hit $1m if store-of-value market continues breakneck growth: Bitwise

DL News|Aleks Gilbert|
Bitcoin price can hit $1m if store-of-value market continues breakneck growth: Bitwise
Image via DL News
πŸ€–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
  • β†’Bitcoin price could hit $1 million according to Bitwise analysis of store-of-value market growth.
  • β†’Bitcoin doesn't need to fully supplant gold to achieve significant price appreciation.
  • β†’The store-of-value market growth trajectory supports bullish long-term price projections.
  • β†’Crypto executives are positioning Bitcoin as a complementary rather than replacement safe-haven asset.
Mentioned Tokens
$BTC$69,911β–²+2.1%
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