Future

Dollars

Bitcoin

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ki-young-ju-identifies-factors-for-bitcoin-to-reach-one-million-dollars/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ki Young Ju Identifies Factors for Bitcoin to Reach One Million Dollars</a><br></p>
<p style="text-align: justify">CryptoQuant’s CEO, Ki Young Ju, identified a critical factor that could enable Bitcoin (BTC) to reach the one million dollar mark. In a statement shared on the social media platform X (formerly Twitter), he suggested that this goal could be achieved once Bitcoin’s market value surpasses that of gold.</p>
<h2 id="competition-between-bitcoin-and-gold">Competition Between Bitcoin and Gold</h2>
<p style="text-align: justify">According to Ju, the world’s most valuable <a href="https://en.coin-turk.com/coinbase-ceo-highlights-increasing-stablecoin-transaction-volumes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>, Bitcoin, will reach a one million dollar price point after it outstrips gold. Gold’s market value has increased from one trillion dollars in 2004 to 17.8 trillion dollars today.</p>
<p style="text-align: justify">Ju emphasized that it is inevitable for investors to shift from gold to Bitcoin as a safe haven asset. By assuming that gold’s intrinsic value stands at one trillion dollars, he noted that approximately 16.8 trillion dollars is directed towards gold as a safe asset demand.</p>
<blockquote>
 <p>“Bitcoin’s current market value is two trillion dollars, and if the demand for gold shifts to BTC, it could see a 750% increase, reaching a unit price of one million dollars. Considering inflation, Bitcoin reaching one million dollars seems certain; the only uncertainty is when it will happen.” – Ki Young Ju.</p>
</blockquote>
<h2 id="future-expectations">Future Expectations</h2>
<p style="text-align: justify">Ju indicated that Bitcoin could alter gold’s role in the market and enhance the influence of <a href="https://en.coin-turk.com/judge-approves-ftx-and-alamedas-12-7-billion-repayment/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> in financial markets. He added that if Bitcoin reaches one million dollars, this advancement could create significant opportunities for market participants.</p>
<p style="text-align: justify">In light of these assessments, it would be beneficial for market participants to formulate their strategies by considering Bitcoin’s potential. Future price movements of Bitcoin should be closely monitored in relation to market demands and economic indicators.</p>
<p>The post <a href="https://en.coin-turk.com/ki-young-ju-identifies-factors-for-bitcoin-to-reach-one-million-dollars/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ki Young Ju Identifies Factors for Bitcoin to Reach One Million Dollars</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ki Young Ju Identifies Factors for Bitcoin to Reach One Million Dollars

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