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Original Compilation: Saoirse, Foresight News The other day, a financial advisor asked me, “Matt, do you really think one Bitcoin could be worth $1 million? That number is just crazy.” I understand his thinking. $1 million does sound outrageous. It would mean Bitcoin needs to increase another 14 times from its current price. When I entered the crypto industry full-time in 2018, I would have laughed at such a statement. Back then, Bitcoin was around $4,000, and a $1 million target — even for me — seemed utterly absurd. But I don’t think that way anymore. The deeper I’ve studied this asset, the more I’ve realized: I, like my financial advisor friend, have been making a very fundamental mistake when analyzing Bitcoin’s potential. In this week’s memo, I want to…# Analysis# bitcoin# crypto# defi# ethereum# MarketPre
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- September 12, 2017, New York, CNBC Institutional Investor Conference. JPMorgan Chase CEO Jamie Dimon stood on stage and threw out a statement to the room full of fund managers: