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Crypto

Bitcoin at $1 million: Exaggeration or future? Experts cite key variable

A projection that bitcoin could reach $1 million over the long term has resurfaced, hinging on whether it can increase its share of the global store-of-value market, analysts say. Bitwise CIO Matt Hougan said the key is bitcoin’s role in preserving global wealth, not short-term market cycles. Other industry figures have echoed similar targets, while analysts stress the scenario would take years and require broader institutional adoption and clearer regulation.

Crypto

Bloomberg strategist\'s $10,000 bitcoin call draws backlash, crypto community calls it baffling

Bloomberg Intelligence senior commodity strategist Mike McGlone has again raised the possibility that bitcoin could fall to $10,000, warning that it may remain vulnerable if global risk assets slide. Market participants countered that the outlook rests on extreme assumptions and would require major shocks such as a global liquidity crunch, nuclear war or an internet outage. Bitcoin is trading around $70,000, and other major cryptocurrencies are also rising.