CandleFocus Financial Author Shares When Bitcoin Will Hit $1 Million
2024-09-18
Author: Content Editor
Investment strategist Lyn Alden predicts that Bitcoin could reach $1 million per coin within the next eleven years. She believes that increased adoption and Bitcoin's status as a portable store of value could drive its price to such heights. While agreeing with Ark Invest CEO Cathie Wood's $1 million prediction, Alden believes it may take longer than Wood's timeline of 2030 for Bitcoin to reach this level, suggesting that 2035 is more feasible. Other prominent figures in the crypto industry, including Twitter founder Jack Dorsey and XOR trading machine creator Aurelion Ohayon, have also made similar predictions. Alden believes that Bitcoin will surpass gold in the future and recommends that anyone involved in traditional finance should have a position in Bitcoin.
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