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#BTC# Bitwise has predicted Bitcoin could reach $1 million thanks to ETFs and government demand.


A Bitwise expert considers it realistic for Bitcoin to rise to $1 million by 2029. In his opinion, this will happen due to ETFs and interest from governments. Bitcoin could hit $1 million by 2029 due to growing demand from exchange-traded funds (ETFs) and states, according to André Dragos, head of Bitwise’s European research department, in a comment to Cointelegraph.
He believes that the institutional adoption of Bitcoin could drive the structural capital inflows needed to surpass gold’s market capitalization and push Bitcoin’s price beyond $1 million by 2029.
The expert added that, in the current market cycle, the leading cryptocurrency could exceed $200,000 in the base scenario and reach $500,000 if governments increase their adoption.
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WhatACoinvip
· 9h ago
Talking amazing costs nothing.
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