Since the Bitcoin Price crossed $50,000 back in the 2021 bull market, there have been speculations on when the price will hit $100,000, and on the other extreme end, $1,000,000. Over time, various analysts and pundits have put forward their forecasts, but the most recent of these is from budding economist Alessandro Ottaviani who believes BTC could hit the $1 million mark in the next three years. Bitcoin Price On Its Way To $1 Million Ottaviani starts out his X (formerly Twitter) post by pointing out that the Bitcoin market cap had climbed rapidly following fake news of a Spot Bitcoin ETF approval. Now, recall that on Monday, media outlet Cointelegraph made a post on X saying that the US Securities and Exchange Commission (SEC) had approved the BlackRock iShares Spot Bitcoin ETF filing. Related Reading: BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way Following this, the price of Bitcoin surged above $30,000 and in a matter of minutes, over $50 billion was added to the crypto’s market cap, as Ottaviani points out. Going by BTC’s reac ..
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