Quote from: Rabata on March 28, 2023, 06:15:49 PM

https://i.imgur.com/TF4YnIF.jpg

https://i.imgur.com/8DLWOml.jpg https://i.imgur.com/qEiXxa1.jpg https://i.imgur.com/Jc4vJfl.jpg https://i.imgur.com/X43RoKL.jpg

Coinbase's former CTO Balaji Srinivasan's prediction about bitcoin price is not realistic for most people(1 btc=1 million USD). Some consider such activities as a tactic for his personal campaign. Some others consider as a reflection of his long-held views on Bitcoin. However, it is easy to imagine Srinivasan's bold prediction of 1 million in 90 days made a big impact on the Bitcoin market. In my opinion, it is not important how much Bitcoin can increase in value in 90 days because people who believe in Bitcoin do not invest in it for a short period. Srinivasan's prediction has shown that Bitcoin is likely to reach new heights. Coinbase's former CTO Balaji Srinivasan should be respectful of his recent thought of bitcoin.

Although Srinivasan's recent prediction may seem absurd to some, it is actually a very reliable prediction in the long term. He made this prediction based on the US banking system and hyperinflation, which makes it difficult to dismiss.

Generally we know that what is capable of taking Bitcoin valuation to unprecedented heights is a market cap. Various institutional investments in Bitcoin have multiplied its market cap in recent times. Public companies like Tesla, Voyager Digital LTD, MicroStrategy are now investing billions of dollars in Bitcoin, which naturally adds to Bitcoin's adoption of legitimacy.

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.

Almost 70% of all bitcoins have not moved for at least a year

This indicates a growing realization that bitcoin is undervalued