Jeff Park, Head of Alpha Strategies at Bitwise Invest, predicts that if the US Build a Bitcoin Reserve The value of a Bitcoin can reach $1 million.
“That’s the only math that Bitcoin can hit 1mm+ by 2025,” Park said in a recent tweet.
However, he sees only 10% of the federal government’s Bitcoin reserves next year.
Earlier this year, Senator Cynthia Lummis introduced a bill that would require the US Treasury Department to receive 1 billion Bitcoins over five years…
This idea has received a lot of attention in the past few months. with many experts debating its viability.
Polymarket Buyers See 31% Bitcoin Reserve Opportunity in 2025.
The idea of creating a Bitcoin storage facility is also gaining traction around the world. However, the Japanese government has recently expressed doubts about investing some of its foreign exchange reserves into Bitcoin.
Even Galaxy CEO Mike Novogratz doesn’t believe there will be a Bitcoin storage space in the near future. However, if the US government A big step towards mainstream cryptocurrency adoption. The price of Bitcoin is expected to rise to $500,000 as other countries likely to comply
Meanwhile, Fundstrat’s Tom Lee believes Bitcoin could be worth as much as $250,000, but analysts also believe the price could rise much higher if reserves are used up.