Bitcoin price to hit $1 million? 😮

MicroStrategy snaps up more BTC as Ethereum holds steady.

Author

Ryan Ozawa
June 20, 2024

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📝 What you need to know

While the price of Bitcoin edged up this morning, briefly peaking at $66,436, it’s back below $65,000 as of writing, down 3% over the past seven days. Even so, there are optimistic signals for its long-term prospects.

Investment giant AllianceBernstein has laid out its predictions for the price of BTC, holding to its forecast of $200,000 in 2025. Peering even further into the future, they see $500,000 by 2029, and $1 million by 2033. Meanwhile, top institutional holder MicroStrategy announced that it purchased another $786 million in BTC.

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