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Is Bitcoin to $6 million wishful thinking or a possibility in the next 4 decades?

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Onwvugbenu Victor
@onwugbenuvictor
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Honestly, I would say it is a little bit of both wishful thinking and also a possibility in the next 4 decades, it is going to be wishful thinking if you think Bitcoin is going to hit $6 million any time soon because that is not going to happen no matter how unpredictable the crypto market can be and how volatile the crypto market would be, it is still not going to happen, for Bitcoin to hit $6 million it is going to need a very huge catalyst to push it to that price because the massive adoption right honestly can not take it to that level like in my opinion the whole world would need to have accepted and adopted Bitcoin as legal tender.

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Maybe countries all over the world would be using Bitcoin as their reserve currency and not gold or any other thing just Bitcoin, all payments and transactions would be done in Bitcoin and crypto, banks would have to hold crypto, and all the big tech companies would also hold Bitcoin on the company's balance sheet, not just Microstrategy, who got into crypto and buying of Bitcoin in August 2020 because of their ex CEO and currently just chairman of the company Michael Saylor, who is a well-known crypto Maximalist and he is not shy to talk about crypto and Bitcoin 24/7 and on every interview, he is opportune to be on maybe because he has been wrong about crypto in the past when he predicted it will crash back then.

I think right now we should be more concerned about Bitcoin not breaking below the $18k support level and heading further lower in price, it needs to pump higher to break the $22k resistance level that has been doing a great job in pushing the price back down below it, the price of Bitcoin has not broken above that level and even head for the current all-time high which I think is more reasonable and more likely to happen, remember also that Bitcoin has not even come very close to the most popular Bitcoin prediction of $100k, so in my opinion, $6 million per Bitcoin is outrageous but can happen in maybe 4 decades.

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