Can Bitcoin Hit $1 Million in the Next Decade?

Even if you factor in the recent wobble, Bitcoin (CRYPTO: BTC) has been on a tear recently. It's gained almost 55% in the past six months, setting new all-time highs as quickly as Michael Phelps in an Olympic swimming pool. Over the past decade, it has outperformed many other asset classes.For some crypto bulls, the question is not whether Bitcoin will succeed but how high the top coin might go. ARK Invest's bull case sees Bitcoin at almost $1.5 million by 2030. MicroStrategy (NASDAQ: MSTR) chair Michael Saylor goes even further: He thinks BTC's price will reach $13 million by 2045.If you're worried that you're late to the Bitcoin party, those targets from big names are reassuring. However, they are also extremely ambitious -- and I speak as someone who's optimistic about Bitcoin. Let's take a look at why it could happen. Then, I'll explain why it's unlikely.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool