• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, May 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

$1 million per Bitcoin by 2022 says Jesse Powell

by Reshab Agarwal
April 4, 2021 - Updated On May 19, 2021
in Bitcoin, Crypto, News, Trending
Reading Time: 2 mins read
0
Bitcoin
TwitterWhatsappLinkedin

Bitcoin is currently trading at $57,488, so considering the fact that it could hit $1 million in just 2 years is no joke. Jesse Powell, the CEO of Kraken, thinks that $1 million per Bitcoin will be a thing by 2022. This is a very bullish expectation by the individual but is definitely probable. But even this is nothing as compared to the $5 million per coin prediction by Michael Saylor, CEO of Microstrategy. In recent days bitcoin investment influence has been insane.

You might also like

XY Miners receives $70 million in funding to bring users $3,000 in passive income per day

Trump-Themed Meme Coin Sees $140 Million Surge as Supporters Buy In for Exclusive Dinner Invite

USDA Faces Backlash Over Push for States’ SNAP Data Sharing

Is $1 million per Bitcoin possible?

Yes, it is possible, and if everything goes as of right then, the price could surge even higher than that.  The price of Bitcoin has increased more than 10 times in the past 8 months. And so it is logical to expect it to rise even further considering the nature of Bitcoin. As the number of coins is limited by nature and the demand for Bitcoin is continuously increasing, it is obvious that the price can surge drastically upon widescale acceptance. Initially, there was a huge skepticism about whether to consider Bitcoin as an asset or just speculation. But even that opinion has changed. JP Morgan reported that the volatility of BTC is dropping, which could also prove to another reason for a price surge.

$1 million per Bitcoin
Image Source: Enstine Muki

Powell also made some other points very clear about his views and prediction about Bitcoin. He said that considering Bitcoin as a competitor to fiat is a waste. He thinks it is much above that and is the actual future of curreny. Since the dollar is already showing signs of weakness and is tumbling due to huge inflation, we can say that Bitcoin could even go up to infinity. Yes, you heard that right! Powell thinks that there is no upper bound of Bitcoin. He also gave a cool example of how the price of Bitcoin could increase. At present, you can buy a Tesla Model 3 with a BTC; in a year, it could be a Lamborghini, and in another year, it could be a Bugatti.

Explaining why he used the term infinity Powell said that since the value of the dollar is uncertain due to its printing so, it is difficult to measure BTC against it accurately.

Jesse’s prediction means BTC is toppling Gold

Yeah, sitting at $57k, the market cap of BTC is around $1 trillion, which is 1/10th of Gold. And so, it pushing upward to $1 million per Bitcoin means it will not only topple gold but will be twice its market cap. Yes, the entire market cap of gold is $10 trillion. So, BTC would just need to cross the $500k price to cross that milestone. It will also make Bitcoin the most valuable asset globally.


What do you think about the $1 million per coin price prediction of Jesse Powell? And does it sound a little too optimistic? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.

Also Read: Institutions are noticing the decreasing volatility of Bitcoin, says JPMorgan.

Tweet54SendShare15
Previous Post

Institutions are noticing the decreasing volatility of Bitcoin says JPMorgan

Next Post

Benefits of Playing Online Casino Games

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

XY Miners receives $70 million in funding to bring users $3,000 in passive income per day

by Techstory
May 15, 2025
0
XY Miners receives $70 million in funding to bring users $3,000 in passive income per day

As the world attaches great importance to clean energy and sustainable development, XY Miners, a British cryptocurrency cloud mining platform, announced the successful completion of a $70 million...

Read more

Trump-Themed Meme Coin Sees $140 Million Surge as Supporters Buy In for Exclusive Dinner Invite

by Harikrishnan A
May 15, 2025
0
Trump Campaign Confirms Security Breach Amid Concerns of Foreign Interference

In a striking fusion of digital finance and political enthusiasm, supporters of Donald Trump have funneled over $140 million into a meme-themed cryptocurrency known as $TRUMP. Their goal?...

Read more

USDA Faces Backlash Over Push for States’ SNAP Data Sharing

by Harikrishnan A
May 15, 2025
0
USDA Faces Backlash Over Push for States’ SNAP Data Sharing

The U.S. Department of Agriculture (USDA) is under fire for pressuring states and their private contractors to hand over sensitive personal data of millions of low-income Americans who...

Read more
Next Post
Benefits of Playing Online Casino Games

Benefits of Playing Online Casino Games

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?