Why Bitcoin could skyrocket to $1 million thanks to this overlooked factor

Although Bitcoin BTC BTC - $63046.861 has started to consolidate its gains from the previous days, setting the mood for the majority of other assets in the cryptocurrency market, a stellar price of a whopping $1 million is almost a certainty in its future with one particular factor at play.

Source: finbold.com

Related symbols: BTCUSD

2024-05-28 13:34:03 GMT.

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Price & Market Data

Price: $63046.861

Volume 24h: $43,948,212,030.18

Market Cap: $1,245,572,705,080.99

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.