Summary
- Brad Mills stated that the price of Bitcoin (BTC) could rise 100-fold over the next 10 to 20 years.
- He pointed to the acceleration of institutional adoption, supply scarcity from halving, technological innovation, and the U.S. government's BTC reserve program as driving factors.
- Currently, BTC is trading at $107,860.32, up 2.20%.
According to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), on the 16th (local time), entrepreneur and podcaster Brad Mills projected that the price of Bitcoin (BTC) could surge 100-fold over the next 10 to 20 years.
He cited accelerated BTC adoption by institutions, supply scarcity due to halving, and technological innovation for small investors as drivers behind this outlook.
Brad Mills stated, "The U.S. government's introduction of a strategic BTC reserve program is also noteworthy," adding, "Under President Trump's executive order and Senator Cynthia Lummis' legislation, the government has decided not to sell the 200,000 BTC it has seized but to hold it as a reserve asset."
He continued, "This signals that BTC is establishing itself as a strategic macro asset, comparable to gold or government bonds."
Meanwhile, as of 02:19 on the 17th, BTC is trading at $107,860.32 on the Binance Tether (USDT) market, up 2.20% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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