Close Menu
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
What's Hot

Stellar Wallet Transactions Raise Concerns—Is Pi Network on Its Way to Binance?

May. 8, 2025

Eric Trump Confirms That Donald Trump Discreetly Accumulated Bitcoin

May. 8, 2025

Circle Introduces EOA Support for Paymaster on Seven Blockchains

May. 8, 2025
Facebook X (Twitter) Instagram
Global Bit VisionGlobal Bit Vision
Facebook X (Twitter) Instagram Pinterest
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
Subscribe
Global Bit VisionGlobal Bit Vision
Home » Why Bitcoin Might Hit 1 Million Due to Concerns About Inflation
Bitcoin

Why Bitcoin Might Hit 1 Million Due to Concerns About Inflation

By adminNov. 10, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why Bitcoin Might Hit 1 Million Due to Concerns About Inflation
Why Bitcoin Might Hit 1 Million Due to Concerns About Inflation
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Bitcoin and gold are both rising as safe-haven assets amid inflation and economic uncertainty.
Institutional interest in Bitcoin grows as ETFs see record-breaking inflows and younger investors favor digital assets.
The concept of Bitcoin achieving a $1 million valuation may be unrealistic, but industry professionals like Adam Kobeissi and Anthony Pompliano feel it is entirely feasible. Bitcoin keeps attracting interest as a counter against economic uncertainty as inflation rises and conventional markets demonstrate instability.
“Bitcoin’s actually still pretty small,” said Kobeissi at an
interview
in the Pompliano channel, stressing its development possibilities even as its value has skyrocketed recently.
Particularly when worries about inflation and government interference rise, he underlined the possibility for both Bitcoin and gold to coexist as safe-haven investments.
Bitcoin and Gold: A Generational Shift in Safe-Haven Assets
Historically, especially during economic crises, gold has been seen as the best safe-haven investment. But Kobeissi pointed out that changing market conditions and a declining bond market have driven until unheard-of demand for gold, even among central banks that are buying vast amounts.
With its distributed architecture,
Bitcoin
has become an other kind of security that appeals to people seeking assets less connected to changes in government or financial policies. Kobeissi contended that as institutions and younger investors embrace Bitcoin, it might close the difference with the significant market size of gold.
He said, underlining the generational change from conventional assets like gold to digital assets like Bitcoin: “I absolutely think that gap closes.”
Kobeissi highlighted one important distinction: the two assets have somewhat different risk characteristics. Traditionally seen as a low-risk asset, gold runs counter to Bitcoin’s high-risk, high-reward investing classification.
“Bitcoin is a risky asset,” he said, but the pay-off for that risk is really convincing. For those ready to welcome its volatility, Bitcoin offers a tempting alternative, as its returns have exceeded those of gold.
Kobeissi predicted that the adoption and demand for Bitcoin might increase over time as a result of monetary reforms and the inflationary pressures facing traditional currencies.
Pompliano offered a remarkable observation:
younger investors
are leaning toward Bitcoin, whereas older generations often prefer gold. “Most young people I speak with…they’re buying Bitcoin,” he said, attributing this change to Bitcoin’s current appeal and accessibility in digital wallets and platforms.
Given younger talent is increasingly included into institutional funds, this inclination for Bitcoin over gold may quicken. “It’s actually become a part of the campaign trail,” said Kobeissi, alluding to political leaders who now support Bitcoin as a genuine component of the financial space; “regulatory changes are also starting to favor Bitcoin.”
Institutional Momentum and Record-Breaking Crypto ETF Inflows
Beside that, the future value of Bitcoin is driven by increasing institutional involvement; it is not only speculative. Recent record-breaking inflows for ETFs concentrated on Bitcoin and Ethereum point to great demand from big financial players, as we previously
noted
.
With an amazing $1.12 billion inflow in one day, BlackRock’s IBIT ETF, for instance, peaked all-time. This increase in demand emphasizes how valuable Bitcoin is from the perspective of institutions and conventional investors.
Meanwhile, as of writing, BTC is swapped hands at about
$78,971.03
, up
3.10%
over the last 24 hours. Bitcoin’s rising trajectory points to ongoing interest from both retail and institutional investors, even if it momentarily exceeded $79,000 before encountering minor selling pressure.
Recommended for you:
Buy Bitcoin Guide
Bitcoin Wallet Tutorial
Check 24-hour Bitcoin Price
More Bitcoin News
What is Bitcoin?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCardano Surge Signals Possible 1700 Rally in the Next Altcoin Season
Next Article Legal Experts Opinions on Using XRP for Kamala Harris Campaign Debt Payment

Related Posts

Bitcoin

Eric Trump Confirms That Donald Trump Discreetly Accumulated Bitcoin

By adminMay. 8, 2025
Bitcoin

Revolut Introduces Rapid Bitcoin Transactions via Lightning Network

By adminMay. 8, 2025
Bitcoin

Trump’s Mysterious ‘Earth-Shattering’ Hint Fuels Bitcoin Speculation

By adminMay. 7, 2025
Bitcoin

Bitcoin May Be Entering a New Growth Phase — Paralleling Amazon’s Ascendancy

By adminMay. 6, 2025
Bitcoin

Significant Cryptocurrency Events to Monitor — Is a Decline in Bitcoin Prices Imminent?

By adminMay. 6, 2025
Bitcoin

Monitor These Critical Bitcoin Levels as BTC Reaches a Pivotal Decision Point

By adminMay. 5, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Stellar Wallet Transactions Raise Concerns—Is Pi Network on Its Way to Binance?

May. 8, 2025

A recent flurry of blockchain activity has found its way into many social media platforms where peop…

Eric Trump Confirms That Donald Trump Discreetly Accumulated Bitcoin

May. 8, 2025

Circle Introduces EOA Support for Paymaster on Seven Blockchains

May. 8, 2025

Revolut Introduces Rapid Bitcoin Transactions via Lightning Network

May. 8, 2025
Top Posts

BantGo and Verofax Join Forces on Blockchain Rewards for Recycling Electronics: Another Promising Application of VeChain

Oct. 26, 2023

Exploring VeChain’s Market Aspirations and Billion-Dollar Applications: A Journey towards $1 VET

Oct. 30, 2023

Vechain’s Vision: Utilizing Blockchain to Combat the Climate Crisis – Will this Drive VET to Reach New All-Time Highs?

Oct. 30, 2023

Vechain x Coinbase Rewards Program: Earn VET on Coinbase

Oct. 31, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
About Us
About Us

Global Bit Vision is your premier platform for exploring the realm of blockchain and cryptocurrency. We provide the latest industry updates, in-depth analysis, and exclusive reports to help you gain a deep understanding of the digital asset market and seize investment opportunities for wealth appreciation.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Stellar Wallet Transactions Raise Concerns—Is Pi Network on Its Way to Binance?

May. 8, 2025

Eric Trump Confirms That Donald Trump Discreetly Accumulated Bitcoin

May. 8, 2025

Circle Introduces EOA Support for Paymaster on Seven Blockchains

May. 8, 2025
Most Popular

Shiba Inu Price Skyrockets, Burn Rate Surges Amid Escalating SHIB ETF Speculation

Feb. 27, 2024

David Gokhshtein Weighs in on Shiba Inus Significance in the Meme Coin Revolution

Oct. 24, 2024

Analysis of Market Factors and Sentiment for XRP Price Forecast in 2024

Mar. 21, 2024
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
© 2025 Global Bit Vision All rights reserved.

Type above and press Enter to search. Press Esc to cancel.