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Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead
Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally. Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline. “I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of ... (full story)
