George Kikvadze, Executive Vice Chairman of Bitfury, has forecasted that Bitcoin could reach $10 million, attributing this potential surge to increasing institutional inflows and Bitcoin's limited supply. Kikvadze highlighted Bitcoin as a 'directional bet on freedom,' emphasizing the role of math and time in achieving such a valuation.
The prediction comes amid growing institutional interest, evidenced by rising ETF inflows. Market figures like Arthur Hayes of BitMEX and Raoul Pal have also shared optimistic views on Bitcoin's future, suggesting that high valuations are feasible if current monetary policies persist.
Bitfury's George Kikvadze Predicts Bitcoin Could Hit $10 Million
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.