Following the crossing of the $100,000 threshold, more and more cryptocurrency observers are already thinking about the next milestone: a bitcoin valued at one million dollars. "The question is not whether bitcoin will reach one million dollars, but rather when. It is one of the assets that can maintain its value the longest," stated Eric Larchevêque, co-founder of Ledger.
The prediction of a million-dollar bitcoin has already been made by several members of the crypto ecosystem, including Arthur Hayes, the head of the crypto exchange BitMEX, and tech leader Cathie Wood, who believes in a bitcoin price of $1.5 million by 2030 in a bullish cycle.
Notably, bitcoin surpassed the $100,000 mark on Thursday, December 5, following Donald Trump's appointment of pro-crypto lawyer Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC), replacing Gary Gensler, who was anti-crypto. According to Larchevêque, a true market rise will occur when countries start to have strategic reserves in bitcoins, a move mentioned by Trump during his campaign. If the U.S. takes this step, "it will generate a super cycle as other countries will be compelled to follow," he believes.
