Bitcoin to surge to $1 million
I was recently reading an article published on Business Insider entitled "Bitcoin will surge to $1 million in 5 years by an 'enormous wall of money,' former Goldman Sachs hedge-fund chief says", which can accessed through this link:
In a nutshell a former Goldman Sachs hedge-fund chief predicts that the price of Bitcoin will reach $1 million within the next 5 years. He explains that the main reason for this is that there is a wave of institutional money coming into the crypto currency, which would obviously drive the price up. With Bitcoin surpassing the $ 18,000 mark in recent days, people have started coming up with similar predictions, but is this really the start of a massive bull run or just another FOMO event prior to a painful price correction? What do you think? I hope it is the first :)