Bitcoin could reach $1M by 2030, Nansen CEO says

Nansen co-founder and CEO Alex Svanevik has projected that Bitcoin could reach $1 million by 2030 while arguing that the asset may never trade below $60,000 again. Summary Svanevik sees $1 million Bitcoin by 2030 as a plausible outcome rather than a certainty. Expanding money supply and currency debasement form the main basis of his forecast. The Nansen chief expects Bitcoin’s market cycles to produce progressively higher price floors. U.S. spot Bitcoin ETFs give American investors regulated access but remain exposed to sharp price swings. Monetary expansion could carry Bitcoin toward $1 million In a statement to crypto.news, Nansen co-founder and CEO Alex Svanevik said Bitcoin’s long-term value will depend largely on global liquidity, government spending, and the continued expansion of the money supply. Rather than pointing to one event that could send Bitcoin (BTC) to $1 million, Svanevik described the cryptocurrency as an alternative to monetary systems in which central banks and governments can create more currency. Bitcoin’s supply rules limit the total number of coins to 21 million, although new BTC will continue entering circulation through mining until the maximum supply is...