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Famous CNBC Financial talking head Jim Cramer just said that Bitcoin could hit a $1,000,000 price if current trends continue.
His reasoning is that European governments and companies are already scrambling to buy Bitcoin to pay off hacker attempts around the globe which could dramatically increase the market price.
Cramer is a very outspoken financial guru who has often made HUGE mistakes on pricing stocks.
What do you think? Is he accurate in this prediction?
Comment below with your response!
img credit: CoinTelegraph
I think bitcoin could reach even loftier levels than where we are now. As for $1 million that is possible but I would say that if it eventually trades at that level it will also be because of the debasement of the dollar (Federal Reserve Note) so even though it will still be a lot of money I do not think the million then will have the same purchasing power as today.
Yeah good point. I think that the regulators will step in before it gets that valuable. Way too much $$ that the government wants to tax :(