Bitcoin Could Reach $1M by 2030, Nansen CEO Says
The cryptocurrency has gained 179% since Aug. 10, 2022, as supporters cite its 48-month cycle and 21 million coin cap.
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Bitcoin could reach $1M by 2030, Nansen CEO says
Nansen co-founder and CEO Alex Svanevik has projected that Bitcoin could reach $1 million by 2030 while arguing that the asset may never trade below $60,000 again. Monetary expansion could carry Bitcoin toward $1 million In a statement to crypto.news,…
Bitcoin Price May Be Battered, But Adoption Still Intact
Bitcoin’s price has shown signs of stabilizing after a rough stretch, but even setting aside where prices go in the near term, asset manager Grayscale says adoption of the cryptocurrency over the medium and long run remains largely unchanged. The reason: continued, unsustainable growth in government debt as a factor that keeps inflation and currency-debasement risk elevated. That backdrop, Grayscale argues, could push a widening range of invest…
Bitcoin is entering a phase of the cycle in which the losses of long-term holders begin to acquire a relevance that the price alone cannot show. The Adjusted NUPL (aNUPL) indicator reveals that financial stress is no longer concentrated solely on speculative participants: it has also reached the investor base that has historically demonstrated greater conviction to maintain BTC during volatility stages.
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