Bitcoin value may rocket to ‘$1,000,000’ as huge establishments purchase straight from miners

Speaking to Express.co.uk bitcoin pioneer Max Keiser mentioned: “The demand for bitcoin is growing almost exponentially while supply is mathematically locked at 900 a day and in fact, in 2024, the supply gets cut in half again to 450 a day. This is why I think institutions that are buying bitcoin will do so directly from miners and the public won’t have a chance to buy any. The public will be shut out as the price rockets to $1,000,000 (£752680.50) per coin.

“Meanwhile, Generation Z who purchased a number of bitcoin when it was underneath $100 (£75.27), would be the new international energy elite.

“The world order is about to flip.”

Studying the day by day demand for bitcoin from the world’s main exchanges, the present estimated common day by day demand far outweighs the day by day provide created by mining bitcoin.

The day by day demand on exchanges quantities to 2,600 bitcoin, whereas the availability from mining is just 900 bitcoin.

READ: Bitcoin prices surge to over $10,000 as investors ditch other cryptocurrencies

“Where would Cash App get theirs?

“That’s the place the finite-supply, inelasticity half is available in, at the next value.”

Bitcoin expert Dan Held gave a list of the financial institutions “and buying and selling legends” that recognise bitcoin is the new gold.

Mr Held tweeted the following names and institutions, “Fidelity, JP Morgan, Bloomberg, Deutsche Bank, Citibank, Jeffries, Blackrock, Susquehanna, Jump Trading, Paul Tutor Jones and Stanley Druckenmiller”.

A follower of Mr Held tweeted: “Bitcoin will divide folks into two teams.

“In those who have it and those who want it.”

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