Bitcoin will surge to $1 million in 5 years by an 'enormous wall of money,' former Goldman Sachs hedge-fund chief says. The price of bitcoin could hit $1 million in five years, up from about $11,000 now, thanks to an "enormous wall of money," a former Goldman Sachs hedge-fund chief said in a recent interview.
One may also ask, will Bitcoin hit 15k?
This is currently at 1.8, with signs that a retest of 2.5 from 2019, when BTC/USD hit $13,800, is in play. ... “Given the strength in support, we are expecting a significant break of 2.0 in the near term as it looks to retest the 2019 peak at 2.5, which will put Bitcoin price above the $15,000 level.”
On the other hand, does Warren Buffett invest in Bitcoin? However, Buffett denied holding any cryptocurrencies in the CNBC interview. "I don't own any cryptocurrency," he said. "I never will."
So anyway, is Bitcoin in a bear market?
2019 saw bitcoin emerging from a pronounced bear market. By December of 2019, it had lost around 84% of its value, trading at just over $3,000. In 2019, it proceeded to take out all but a handful of lower-highs, kissing the $14,000 level before retracing back to around $6,500 by the end of the year.
What will happen to Bitcoin after the halving?
What will the BTC price be after the halving? Many have speculated that bitcoin's price will rise in the weeks before and after the event. This is in part because the halving is expected to draw increased attention to bitcoin, but also because it will reduce the supply of new coins entering circulation.