Bitcoin, the leading cryptocurrency, continues to dominate discussions among investors and industry experts despite recent market fluctuations.
Coinbase CEO Brian Armstrong has predicted that Bitcoin will reach multiple millions in price. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Armstrong stated that Bitcoin is “not ready yet” for large-scale adoption but could become the new gold standard. He also highlighted 3 reasons for his optimism about Bitcoin’s future prospects.
Armstrong’s statement comes amid discussions about Bitcoin’s long-term potential following recent market fluctuations. The leading cryptocurrency hit an all-time high of $109,000 just days ago, but its bullish momentum has since slowed.
Despite the recent slowdown, Bitcoin has made significant gains in 2024. Following the launch of Bitcoin spot ETFs in January, its price has steadily climbed, ultimately breaking the $100,000 barrier on December 12th—a milestone celebrated by the crypto community worldwide. Since then, Bitcoin has continued to push boundaries, recently achieving a new all-time high of $109,000. If this upward trajectory persists, Armstrong’s prediction could potentially come true.
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