Why Bitcoin Could Hit $1.5M By This Date

CryptosRUs

Market Update

  • The US jobs report was better than expected, with 256,000 jobs added and unemployment at 4.1%.
  • Despite the good economic data, the US market is down, with the Dow and NASDAQ losing over 2%.
  • Bitcoin is currently trading around $94,000, after a drop from $95,000 earlier in the day.

Bitcoin Price Prediction

  • The host predicts that Bitcoin could hit $1.5 million in 10 years, citing scarcity and increasing demand.
  • He believes that the current price is a good buying opportunity and that investors should hold on to their Bitcoin.

Crypto News

  • The first Bitcoin ETF is celebrating its one-year anniversary, with over $1.13 million in accumulated Bitcoin.
  • Major companies like BlackRock, Fidelity, and Grayscale are holding large amounts of Bitcoin through ETFs.
  • The US is becoming a global powerhouse for crypto, with 65% of Bitcoin held by US entities.

Altcoins

  • Suey is performing well, with a current price of over $5 and a potential target of $6.35.
  • Solana and XRP are also making big moves, with Solana at $1.88 and XRP potentially making a new high.

Regulatory Environment

  • The SEC case against Ripple is ongoing, but the host believes that the SEC should drop the case.
  • The US is expected to have a more favorable regulatory environment for crypto in the coming year.

Personal Opinions

  • The host is not a fan of Paris and does not think it is a great city.
  • He believes that Trump's idea of buying Greenland is interesting, but unlikely to happen.
  • He thinks that the US should rename the Gulf of Mexico to the Gulf of America to allow for oil drilling.