Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News Justin Verrengia

American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset. VanEck’s analysis found that the implied BTC price ranged from $1.3 million to $4.8 million if it replaces fiat currency reserves as the next global reserve asset.
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Bitcoin advocate Max Keiser and Sr. BTC advisor to President Bukele, says Bitcoin will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela - and it’s already started.

“Iran has already got 3% of global hash rate, so now I think Venezuela will get 3%–5% pretty quickly. And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.”
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Billionaire venture capitalist Tim Draper is "100% sure" Bitcoin is hurtling toward a staggering $250,000 price tag. Draper has extended his prediction by six months to mid-2023 to factor in crypto-specific and macroeconomic impact. And if that doesn’t happen, he is certain the king crypto (BTC) will reach the $250,000 milestone before the end of 2024.
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Speaking on CNBC’s Power Lunch with Kelly Evans, Strike CEO Jack Mallers, discussed the role of Bitcoin in the ongoing banking crisis. Mallers is convinced the BTC price will hit $1 million per coin, fueled by global hyperinflation.
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Gold will "fail" as an asset as people realize that Bitcoin offers superior properties to the yellow metal. That is according to billionaire Michael Saylor, Executive Chairman and Co-Founder of MicroStrategy, a publicly traded company which holds 140,000 BTC.

"[Bitcoin] is the digital synthetic successor to gold," Saylor told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "Bitcoin is going to appreciate at a faster rate. Gold is going to fail. Eventually people will sell all their gold and buy Bitcoin."
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Bitcoin bull Max Keiser and Sr. BTC advisor to President Bukele, is predicting the king crypto surging 37x - 74x from the current price hitting a target of $1-$2 million per coin.

"The total global amount of financial instruments on Planet Earth is roughly $400 Trillion. So if Bitcoin would capture a percentage of that, we’re talking $1M -$2M per Bitcoin.”
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