{
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bitcoin could reach 1.5 million by 2035 analysts predict

Bitcoin is projected to reach $1.5 million by 2035, according to analyst Timothy Peterson, who bases this on Metcalfe’s Law, which suggests that the value of a network increases with user adoption. Despite current price fluctuations, with BTC trading around $92,805, market observers remain optimistic about its long-term potential. Analysts note that while short-term sell pressure may push prices lower, significant support levels exist around $91,500 and $86,500, which could lead to a rebound.
NewsBTC
Ali Martinez Timothy Peterson Keith Self Show more
Finance & Economy, Market Report
07:30 10.01.2025

bitcoin predicted to reach 1.5 million by 2035 according to analyst

Timothy Peterson, a prominent network economist, predicts Bitcoin will reach $1.5 million by 2035, citing network expansion as key to its value. Despite current mixed predictions and potential price corrections, he remains bullish on Bitcoin's long-term prospects, emphasizing its unique value proposition compared to traditional currencies.
Cointelegraph
CME Group Inc. Keith Self Timothy Peterson Donald Trump Show more
Finance & Economy, Market Report
15:14 09.01.2025
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