Cryptocurrency analyst Fred Krueger said that Bitcoin would need to inject more than $1 trillion in new capital into the market to reach a price target of $1 million by 2035.
Krueger argued that for this goal, the elements of “means, motivation and opportunity” must be provided.
According to Krueger, approximately $10 trillion in new money is released each year. Bitcoin only needs to attract 10% of this money to reach this target. The analyst noted that over $100 trillion in new money will be printed in the next 10 years, and that Bitcoin could reach $1 million by attracting just 1% of this amount.
Krueger stated that each new dollar, euro, and yen printed depreciates, and the 7% annual increase in supply erodes purchasing power. This situation, the analyst said, is driving investors to seek an asset that maintains its value. “Bitcoin stands out as the only monetary asset with an absolutely fixed supply,” he said.
According to Krueger, Bitcoin is now accessible through ETFs, corporate treasuries, and even government reserves. He noted that the regulatory framework has been established and a robust entry infrastructure for institutional investors exists. He added, “For the first time in history, $10 trillion in annual capital flows will be able to reach Bitcoin.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/how-will-bitcoin-btc-reach-1-million-expert-analyst-explains-what-it-takes/
