How Will Bitcoin Reach 1 Million USD? Analysts Explain What Is Necessary

Fred Krueger, a cryptocurrency analyst, stated that Bitcoin will need to pump over 1 trillion USD in new capital into the market to reach a price target of $1 million by 2035. Krueger argued that to achieve this goal, the factors of "Means, Motivation, and Opportunity" must be provided. According to Krueger, about 10 trillion USD of new money is issued each year. Bitcoin only needs to attract 10% of this money to achieve its goal. This analyst notes that more than 100 trillion USD of new money will be printed in the next 10 years, and Bitcoin could reach 1 million USD just by attracting 1% of this money. Krueger stated that every dollar, euro, and yen newly printed loses value, and the annual increase of 7% in supply erodes purchasing power. The analyst said this situation is driving investors to seek a store of value. "Bitcoin stands out as the only monetary asset with an absolute fixed supply," he said. According to Krueger, Bitcoin can now be accessed through ETF funds, corporate bonds, and even government reserves. He noted that a legal framework has been established and a strong participation infrastructure for institutional investors is already in place. He added: "For the first time in history, an annual capital flow of $10 trillion will be able to access Bitcoin."