CoinDesk·4 min read·medium
Forecasts for $1 million bitcoin price likely look too ambitious, key ratio suggests
O
Omkar Godbole
✦AI Summary
Analysts suggest that long-term price predictions for Bitcoin reaching $1 million may be overly optimistic due to high U.S. Treasury yields. The opportunity cost of holding non-yielding assets like Bitcoin is currently high compared to traditional risk-free investments.
Asset manager Bitwise is the latest to predict that bitcoin could reach $1.3 million within a decade. This isn't new territory. Coinbase's Brian Armstrong , Block's Jack Dorsey , and Ark Invest's Cathie Wood have all said versions of it before.
economycrypto
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