Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead
Reddit CEO says activity on WallStreetBets was not driven by bots or foreign agents
February 18, 2021
Camile Thai to create 300 jobs and raise €10m for tech updates
February 18, 2021
cnbc said that GUANGZHOU, China — Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.
But JPMorgan warned of risks ahead as the cryptocurrency continues to rally.
Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.
“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s “Beyond the Valley” podcast.
CNBC International is the world leader for news on business, technology, China, trade, oil prices, the Middle East and markets.
