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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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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3xnzDJx
✔ Ethereum TA: https://bit.ly/3nQQ3qL
✔ Expert Bitcoin Predictions: https://bit.ly/3xvi8r2
✔ Volcanos to Push BTC to $1M: https://bit.ly/3DURs58
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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