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Crypto analyst predicts U.S. money printing could send Bitcoin to $1 million

From thestreet.com

A lot of crypto bulls, such as Michael Saylor and Cathie Wood, have predicted that Bitcoin will hit the price of $1 million. While the U.S. government potentially creating a strategic Bitcoin reserve is definitely a positive factor, there is a rather ironic factor that could give the cryptocurrency a further push on the price chart. Crypto entrepreneur and podcast host Anthony Pompliano wrote on X on Aug. 13 that the government itself will make sure that Bitcoin hits $1 million a day. The only thing the government needs to do is never stop printing money, Pompliano added. The crypto analyst's remark underlines the ... (full story)

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  • Category: Fundamental Analysis