Bitcoin’s price has skyrocketed, exceeding $122,000 and briefly touching $123,000. This makes it a significant investment, far beyond the reach of the average person.
The Million-Dollar Bitcoin?
Experts are urging high-net-worth individuals to buy Bitcoin now, before it becomes even more expensive. The argument is simple: with a limited supply of only 21 million Bitcoins and a large number of millionaires worldwide, owning even half a Bitcoin could become increasingly difficult. One prominent crypto platform even tweeted that millionaires should aim to own at least one whole Bitcoin.
Supply and Demand: A Perfect Storm
Traders are already talking about Bitcoin in terms of “millions per coin,” reflecting the belief that its price will continue to rise dramatically. Several prominent figures, including Eric Trump, have predicted Bitcoin could reach $1 million in the coming years. Binance co-founder Changpeng Zhao and others agree, suggesting that the $1 million mark is within reach during this bull market. Owning less than a whole Bitcoin might soon feel like holding mere pocket change.
Bold Predictions and a Closing Window
Investment firms like Ark Invest have made even bolder predictions, forecasting Bitcoin could reach $1.5 million (base case) or even $2.4 million (bull case) by 2030. Michael Saylor has gone even further, predicting a $13 million price tag by 2045. These predictions highlight the simple equation: a limited supply combined with increasing demand. While fractional ownership is possible, the current price surge creates a sense of urgency for those with the means to invest. The opportunity to easily acquire Bitcoin may be disappearing quickly.
