Bold Prediction: Bitcoin to $1 Million by 2025?

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Bitcoin to $1 Million by 2025? Ex-Blockstream CSO Makes Bold Prediction

Former Blockstream CSO Samson Mow has made a bold prediction, claiming Bitcoin could reach $1 million by 2025. In an interview with Peter McCormack, Mow cited several factors supporting his bullish outlook:

• Supply and Demand: Mow emphasizes the growing demand for Bitcoin, outpacing its limited supply. He highlights the impact of Bitcoin ETFs accumulating large amounts of the cryptocurrency.

• The Veblen Effect: Mow introduces the concept of the "Veblen effect," where increased value fuels further demand due to a perception of scarcity and exclusivity.

Mow believes surpassing gold's market capitalization (around $450,000-$500,000 per coin) would be a tipping point, potentially leading to the demonetization of gold by Bitcoin.

It's important to note that such predictions are inherently subjective and involve market risks. Investors should conduct thorough research before making any investment decisions.

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Bitcoin Bull Run Booms, But Minting Millionaires Slows Down

The ongoing Bitcoin (BTC) bull run is fueled by Wall Street's growing interest in spot ETFs. While still creating millionaires, the pace appears slower compared to the explosive 2020-2021 rally.

Key Points:

• Market Surge: Bitcoin has surged 70% so far this year, reaching new highs above $72,000.

• Millionaire Maker: While the rally is creating new Bitcoin millionaires, data from Kaiko shows the daily rate is less than 2,000, significantly lower than the 2020-2021 peak.

• Potential for Continued Growth: The slower pace of millionaire creation might suggest the bull run's early stages, with room for price increases fueled by:

  • Spot ETF inflows: Continued investment through spot ETFs.

  • Halving impact: The upcoming Bitcoin halving, which will further limit supply.

Market consensus anticipates Bitcoin potentially reaching $150,000 or higher in the coming months due to these factors.

Alt-season Explained: When Altcoins Shine (and When They Don't)

The cryptocurrency market experiences cycles where altcoins take center stage. This period, known as alt-season, typically follows a strong surge in Bitcoin's price. Here's what you need to know:

Altseason Basics:

• Investors often shift profits from Bitcoin to various altcoins during alt-season, seeking potentially higher returns.

• The alt-season index is a key indicator:

  • A value above 75% suggests a strong altcoin season, with a majority of altcoins outperforming Bitcoin over the past 90 days.

  • Conversely, a value below 25% signals a "Bitcoin season" where investors favor the dominant cryptocurrency.

• Index Misconception: A value of 53 doesn't mean 53% of capital is in altcoins; it means 53% of altcoins have surpassed Bitcoin's performance in the past 3 months.

Individual Altcoin Performance:

• Even during alt-season, exceptional events can propel a specific altcoin's price, like:

  • Exchange Listing: A major exchange listing can attract new investors and boost the altcoin's value.

  • Project Upgrade: Promising upgrades or developments can also drive individual altcoin prices upwards.

Investor Takeaway:

Altseason trends can inform investment decisions, but individual altcoin research is crucial. Even during alt-season, exceptional events and project fundamentals can significantly influence specific altcoin performance.

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