Expectations of continued dollar depreciation are growing, with industry analysts predicting that Bitcoin could reach $1 million
Svmuu reported that as U.S. fiscal spending expands and currency issuance continues to surge, market concerns over the devaluation of the U.S. dollar are intensifying. Industry insider Anthony Pompliano stated that if the U.S. maintains its large-scale money printing trajectory, the price of Bitcoin will eventually break through $1 million, though the exact timing is difficult to predict. Currently, U.S. debt remains high and money supply has repeatedly hit record highs, while gold prices have also risen in tandem. In addition, Bridgewater founder Ray Dalio, JPMorgan, and other major institutions and figures have warned about the risks of the U.S. dollar, noting that capital is gradually shifting from gold to Bitcoin, further highlighting Bitcoin's role as a hedge against fiat currency depreciation. (Forbes)
Source:Odaily · Source Link
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