Cryptocurrency He is the director of growth marketing at Kraken, a longtime bitcoin bull Dan Held made interesting statements to his followers on Twitter.
“Bitcoin Will Rise From $1 To $10 Million If Everyone Understands It”
In his previous statements, Held predicted that the price of BTC would be $ 1 million, and in his latest post, he said that “if everyone in the world understands Bitcoin, the price of BTC will be between $ 1 and $ 10 million.”
If everyone in the world understood #Bitcoinand the current macro environment, then the price would be $1M-$10M per Bitcoin.
— Dan Held (@danheld) April 15, 2022
Held also said in another statement he made a short time ago that people who think they are late for Bitcoin are wrong. Held stated that thinking that it is late for BTC right now is equal to saying that it was late for the internet in the 90s.
Explaining that he entered the market when the BTC price was $ 10, Held said that until now, when people thought in favor of the bear for BTC, he had succeeded by thinking in favor of the bull.
Analyst’s Forecast Not Found Realistic by Some Crypto Users
At the time of this writing, BTC, which was traded at $ 40,400, must experience a 25-fold increase to reach $1 million. In order to reach the upper limit of the analyst’s estimate of $ 10 million, a 250-fold increase from the current price is required.
If the BTC price is $ 1 million, the market value will increase to $ 20 trillion. The total market value of gold is currently at the level of 12 trillion dollars.
However, if BTC rises to $ 10 million, the market value of Bitcoin should reach a size of about $ 200 trillion. The level of GDP in the world is around 100 trillion dollars.
According to this account, Dan Held’s predictions are far from reality, and to a follower, Held said that he should consider the value of all assets in the world instead of GDP.
*Not investment advice.