Bitcoin’s Scarcity May Contribute to Potential Price Surge Toward $1 Million
Main Idea
Bitcoin's scarcity, combined with global liquidity expansion and institutional demand, may drive its price toward $1 million, as it serves as a hedge against fiat currency depreciation.
Key Points
1. Bitcoin's fixed supply of 21 million coins contrasts with increasing global liquidity, creating a supply-demand imbalance that could push prices higher.
2. The M2-per-Bitcoin ratio, currently at a 12-year high of $5.7 million, highlights Bitcoin's scarcity relative to global money supply.
3. Institutional adoption and sovereign interest are increasing demand, with firms like River reporting significant Bitcoin holdings since mid-2024.
4. Investor Fred Krueger suggests that just $1 trillion could push Bitcoin to $1 million, emphasizing its role as a hedge against monetary debasement.
5. Key metrics, such as the M2-per-Bitcoin ratio and institutional inflows, support a bullish long-term outlook for Bitcoin's price.
Description
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