Bitwise CIO: Bitcoin’s price could reach 1,000,000 USD by capturing market share from gold and US Treasury bonds

Bitcoin’s price could reach 1,000,000 USD if it captures share from gold and US Treasury bonds. This target symbolizes its potential as a significant monetary asset, not merely a precise prediction.

Achieving this price depends on long-term institutional adoption and market expansion. Analysts believe it may take a decade or longer for Bitcoin to realize this milestone.

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