- Eric Trump and Coinbase CEO Brian Armstrong make a bold statement.
- Both figures state that the price of BTC will hit $1 million, possibly by 2030.
- Bitmine Immersion’s Tom Lee believes BTC should already be in the $1 million valuation.
Eric Trump and Coinbase CEO Brian Armstrong say Bitcoin will undoubtedly hit $1million in a few years. As Bitcoin (BTC) adoption grows, expectations for the cycle top price for the pioneer crypto asset continue to grow. While the cycle top expectation for the ongoing bull cycle lies between $250,000 and $500,000, expectations for BTC price by the next bull cycle and by 2030 is $1 million.
Eric Trump and Coinbase CEO Brian Armstrong Call $1 Million BTC Price
Expectations for higher Bitcoin (BTC) prices are fueled by the latest statements made by Eric Trump and Coinbase CEO Brian Armstrong. Both reputed figures in the finance and crypto spaces have stated that the price of Bitcoin will undoubtedly and inevitably climb up to the $1 million bull target. In fact, Eric Trump says it is only a matter of a few short years, while Brian Armstrong believes this target will arrive by 2030.
For many, this prediction may feel like a far-fetched dream, especially considering that just 10 years ago, the price of BTC was trading below $300. Presently, the price of Bitcoin (BTC) is trading at $113,000 and a week ago it hit a new ATH target of $124,000. One aspect of Bitcoin as an asset is that it is highly volatile, and when it pumps, it does not pump linearly, but rather exponentially, meaning it can bring about parabolic gains.
Thus, for most people, this $1 million forecast prediction of BTC price within 5 years is a very plausible scenario. This is because a pump from Bitcoin’s current price to hit $1 million will mean less than a mere 10x pump in BTC price. This outcome is not far-fetched at all, considering that from prices 5 and 10 years ago, the price of Bitcoin (BTC), as the pioneer crypto asset, pulled pumps 1000x and 100x, respectively.
Hence, financial experts and crypto enthusiasts like Armstrong and Trump are heavily bullish on Bitcoin (BTC) and believe that the price of BTC hitting $1 million in another 5 years is not much of a stretch. In fact, they believe that it is inevitable and only a matter of time till Bitcoin hits this bull target. Another reason behind the expectations is the amount of interest in accumulating BTC from not only individuals and whales, but from institutions and governments as well.
All this interest will eventually lead to the price of Bitcoin (BTC) exploding towards new ATH prices. Among these bullish voices comes another – Bitmine Immersion’s Tom Lee. With all the interest in Bitcoin so far, especially in the ongoing bull cycle, Lee has stated that the value of Bitcoin should have already exceeded the $1 million price. He believes that BTC will replace gold and expects the price to surge parabolically soon.
