Summary
- Jack Shapiro claimed that if the US government buys 1 million Bitcoins, the price will reach $1 million.
- He stated that such a purchase could greatly shock the global financial markets.
- He mentioned that if there is a large-scale purchase by the US, Bitcoin could surge in a short period.
There is a claim that if the United States stockpiles 1 million Bitcoins (BTC), Bitcoin will reach $1 million.
According to Cointelegraph on the 16th (local time), Jack Shapiro, head of policy at the Bitcoin Policy Institute, stated on the Bitcoin Magazine podcast that "if the US government buys 1 million Bitcoins, it will shock the global financial markets," and "the price of Bitcoin will reach $1 million in a short period."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
