Bitcoin

Million

Arthur

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-potential-to-reach-500000-speculations-and-market-dynamics/" data-wpel-link="internal">Bitcoin’s Potential to Reach $500,000: Speculations and Market Dynamics</a><br></p>
<p style="text-align: justify">The king of cryptocurrencies has returned to a sideways movement, fluctuating within a narrow range. In the last 52 hours, the $52,000 mark was tested. Despite the price continuing to fluctuate between $50,600 and $52,000, it remained above $51,500 following the opening of the US stock market. Short-term price fluctuations are not very significant for some investors, as they are focused on long-term targets.</p> 
<h2 style="text-align: justify" id="will-bitcoin-hit-half-a-million-dollars">Will Bitcoin Hit Half a Million Dollars?</h2> 
<p style="text-align: justify">This would roughly mean BTC’s market value reaching $10 trillion. If BTC’s market dominance stays around 50%, we could see a significant portion of altcoins increase by hundreds or even thousands of times in this scenario. So, can BTC, which has not reached a six-figure price for years, really hit half a million dollars?</p> 
<p style="text-align: justify"><a href="https://coin-turk.com/tarihte-ezber-bozan-bir-halka-arz-bitcoin-etf-yorumu-sasirtti" data-wpel-link="internal">Bitcoin</a> maximalist Max Keiser believes <a href="https://en.coin-turk.com/pentoshi-bitcoin-btc-will-be-40000-but-there-is-a-problem-for-crypto/" data-wpel-link="internal">Bitcoin</a>‘s value will rise above $500,000. His opinion is based on the potential for a stock market crash of unprecedented scale reminiscent of the late 1980s. In other words, the US stock markets will experience a major crash like years ago, and people will buy Bitcoin.</p> 
<p style="text-align: justify">In the second part, we will delve into the details of his prediction, but the current conditions could lead to a crash in the US stock markets, which would also bring the same fate for the crypto environment. Today, even when stock markets fall by 3-4%, BTC also tends to drop, and the likelihood of the opposite happening is very slim. Moreover, a decline in appetite in risk markets is necessary to trigger the stock market crash, and in such a case, crypto, being part of the same risk markets, would also be expected to fall.</p> 
<h2 style="text-align: justify" id="why-might-bitcoin-rise">Why Might Bitcoin Rise?</h2> 
<p style="text-align: justify">According to Keiser, the market is overly ripe for a correction. Keiser refers to data from The Kobeissi Letter, which shows a concentration not seen since the Great Depression. This intense demand for the largest stocks suggests that the market is on the edge of a cliff. So why will BTC rise during this? Keiser believes Bitcoin will be seen as a safe haven.</p> 
<blockquote> 
 <p style="text-align: justify">“Gold will continue to lose value to Bitcoin. BTC ETFs and local BTC miners will be seized by the US government.”</p> 
</blockquote> 
<p style="text-align: justify">Echoing Keiser, BitMEX co-founder Arthur Hayes points to decreasing liquidity and <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> difficulties as harbingers of market downturns. Ark Invest, on the other hand, believes that as BTC finds its place in diversified portfolios, its value will increase parabolically.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-318405 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/ARK-Invest-Tahmin.webp" alt="Ark Invest's portfolio allocation related price prediction." width="850" height="498"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-potential-to-reach-500000-speculations-and-market-dynamics/" data-wpel-link="internal">Bitcoin’s Potential to Reach $500,000: Speculations and Market Dynamics</a></h5>

Bitcoin’s Potential to Reach $500,000: Speculations and Market Dynamics

Table of Contents

COINTURK NEWS

Other articles published on Feb 22, 2024

AI Tokens Pump: Fetch.ai and SingularityNET See Huge Gains and Traders Think These Tokens Will Fo...

Starknet Price Prediction: STRK Slumps 20% In A Week As Investors Stake Over $10 Million In This ...

Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux

Binance Announces Investing in Ethereum-Based Protocol!

Tron (TRX) holders love DeeStream (DST) for similar trajectory, as Binance Coin (BNB) struggles t...

Join our free newsletter for daily crypto updates!