If one bitcoin is seen as equal to 1 million according to the current price of bitcoin, then a market cap of about 20 trillion is required. While it may seem like more at the moment, it can also be covered if a crypto revolution happens.
Another important reason why Bitcoin can reach higher in the coming days is its market dominance. Currently we can see that about 45 percent of the total investment in the market is in Bitcoin. When Bitcoin continues to rise above 65 percent or more, there will be a big change in the price of altcoins in the market and the market cap will also increase significantly.
Finally, i will say that people are learning to value BTC so we will be able to achieve it in the near future even if not in 90 days.
Bitcoin is not a altcoin to hit 1 million dollars in 90 days, because i strongly have great doubt on that very statement of his, because had it been he mentioned values such as $50k to $100k per BTC, then those are likely to be possible, just like as in case of March 2021 when the price of Bitcoin fell from 63k per BTC to 31k in the space of 2 months due to global economic crisis caused by Russia versus Ukraine warAnother important reason why Bitcoin can reach higher in the coming days is its market dominance. Currently we can see that about 45 percent of the total investment in the market is in Bitcoin. When Bitcoin continues to rise above 65 percent or more, there will be a big change in the price of altcoins in the market and the market cap will also increase significantly.
Finally, i will say that people are learning to value BTC so we will be able to achieve it in the near future even if not in 90 days.
