Bitcoin is predicted to hit $1 million by late 2029, driven by institutional adoption and the perception of Bitcoin as “digital gold.” Michael Saylor, a prominent Bitcoin bull, believes the price could reach $150,000 by the end of 2025 before hitting $1 million by 2029. Key assumptions include accelerating institutional adoption and Bitcoin rivaling gold as a store of value. While historical cycles suggest a possible downturn in 2026, new products and demand could support Bitcoin’s growth. Despite recent performance, Saylor remains optimistic about Bitcoin’s long-term potential.

Source: The Motley Fool

Read more at Yahoo Finance: 1 Top Cryptocurrency to Buy Before It Soars 1,049%, According to Strategy’s Michael Saylor