Why Bitcoin could skyrocket to $1 million thanks to this overlooked factor
Although Bitcoin (BTC) has started to consolidate its gains from the previous days, setting the mood for the majority of other assets in the cryptocurrency market, a stellar price of a whopping $1 million is almost a certainty in its future with one particular factor at play. As it happens, the Bitcoin market seems to be in the early stages of a phenomenon called ‘game theory,’ which could play an important part in driving further mainstream adoption and price gains for the flagship decentralized finance (DeFi) asset, according to The Motley Fool ’s RJ Fulton. How will Bitcoin reach $1 million? Specifically, the United States Securities and Exchange Commission (SEC) approving spot Bitcoin exchange-traded funds (ETFs) has opened the way for a broader adoption of the maiden crypto asset, allowing institutional investors to gain exposure while avoiding direct involvement with the crypto sector. Picks ...