Bitcoin Price Forecasted to Reach $1 Million by 2029
- Bitcoin is currently trading at $81,995.96, down 2.49%.
- Bitwise CIO Matt Hougan forecasts a mid-term price of $1 million for Bitcoin.
- The “dip then rip” phenomenon suggests a potential price surge after dips.
- Hougan’s analysis indicates Bitcoin’s correlation with US stock market trends and tariff wars.
- A strategic Bitcoin reserve by the US government could impact its future value.
Matt Hougan of Bitwise predicts Bitcoin could reach $1 million by 2029, despite its current bearish outlook and trading range between $81,179.99 and $84,230. Regulatory changes and macroeconomic factors may influence this forecast.
Source (2.6)https://coingape.com/bitcoin-price-to-1m-bitwise-cio-unveil-dip-then-rip-forecast/?rand=24432
