Can 1 BTC Make You a Millionaire? Here's What You Need to Know
Could owning one Bitcoin (BTC) make you a millionaire?
According to prominent figures in the crypto space like Ark Invest’s CEO Cathie Wood and MicroStrategy executive chairman (and former CEO) Michael Saylor, yes.
In a report released by Ark Invest earlier this year, Cathie Wood and co. predicted that Bitcoin could hit a price of $1.48 million by 2030, a rise of 6,300% in just seven years.
In the report, Ark Invest outlined its view that Bitcoin is to become a “multi-trillion-dollar markets” that outperforms “every other major asset class over long time horizons”.
Bitcoin’s market cap is currently around $570 billion, at its current price of around $29,500.
In its report, Ark outlines how it expects Bitcoin to be a key beneficiary of what they call a global “monetary revolution”, where Bitcoin is adopted as a decentralized, permissionless, censorship-resistant, inflation-resistant and transparent alternative to the current inflationary, centralized, opaque and often authoritarian monetary systems that dominate much of the global economy.
Michael Saylor, meanwhile, has been expressing similar views ever since his company MicroStrategy adopted a policy of aggressive Bitcoin accumulation back in 2020.
In a recent interview with Altcoin Daily, Saylor highlighted the importance of the recent warming of major financial institutions to Bitcoin.
If spot Bitcoin ETF applications from major financial giants like BlackRock, Fidelity and Vanguard get approval, this could open the door to inflows of trillions of dollars into the Bitcoin market that have been waiting on the sidelines.
This, Saylor thinks, could be a key driver to send the Bitcoin price above $1 million.
Despite hyper-bullish forecasts from major industry names like Wood and
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