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Samson Mow, chief strategy officer of blockchain technology provider Blockstream, has said he expects El Salvador’s volcano-powered, Bitcoin-back bonds to help the BTC price climb to $1 million per Bitcoin in just five years.
“If Bitcoin at the five-year mark reaches $1 million, which I think it will, [El Salvador] will sell BTC in two quarters and recoup that $500 million,” said Mow, speaking alongside El Salvador’s president Nayib Bukele at the weekend and explaining how the country could finance its Bitcoin bonds.
In other trending Bitcoin News today: Bitcoin Will Hit $100,000, According to Experts. Here’s When They Predict It Will Happen!
And it isn’t just crypto insiders who are making Bitcoin predictions. Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 by 2022.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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