Cryptocurrency analysts predict bitcoin’s growth to $ 1 million

The growing shortage of bitcoin BTC $118,112.92 Bitcoin -1.28% Market capitalization $2.35 trillion VOL. 24 hours $1.68 billion may be a key factor in its potential price jump to the $ 1 million mark. Analysts emphasize that amid a rapid increase in the global money supply — from the current $ 100 trillion to the projected $ 200 trillion in 2035 — bitcoin’s limited issue (a maximum of 21 million coins) makes it stand out among other assets.

Investor Fred Krueger claims that $ 1 trillion of new investments is enough to make the price of one bitcoin reach a million dollars. The analyst emphasizes that this is an insignificant amount against the backdrop of the expected growth in global liquidity and the depreciation of fiat currencies. More and more institutional and public investors are looking for instruments protected against inflation and devaluation.

Crypto market experts note that in July 2024, the ratio of global liquidity (M2) to bitcoin reached a 12-year high of $ 5.7 million for every bitcoin. This underscores how limited the supply of cryptocurrencies is amid the global financial expansion.

A report by River shows that those who have owned bitcoin since July 2024 have already outpaced the depreciation of fiat currencies by ten times. Thus, the demand for bitcoin as a protective asset is only growing.

According to many experts, further growth in liquidity and limited supply could trigger an unprecedented shortage of bitcoin, and this is likely to be the main driving force behind the cryptocurrency’s new price record.