Expert claims that Bitcoin might hit US$2M in the coming days, but investors won't wait!

Bitcoin has had a rocky start to the year, however, experts still say that it will eventually hit US$100,000. Despite its volatility and recent dump in its price, experts say that the Bitcoin price will enable the entire crypto market to gain dominance in the economic and financial markets. The volatility of Bitcoin is actually nothing new, however, there is a big reason why experts and investor are losing their hopes in the flagship cryptocurrency. The Bitcoin price has plunged over 60% this year and is now stuck at US$19,000. Last year, Bitcoin reached its all-new high of US$69,000, enabling the crypto market to reach its peak of US$3 trillion. But the emerging macroeconomic and geopolitical crises wreaked havoc in the crypto market as major cryptocurrencies like Bitcoin and Ethereum dropped drastically. But actually, all hope is not lost! Bitcoin might hit US$2M quite soon and enable other cryptocurrencies to surge. It would be quite efficient if the BTC price rises in the coming months, especially for the investment community which is constantly facing losses. However, the fact that Bitcoin might hit US$2M in the near future is not appealing to investors anymore. Infact, as Bitcoin volatility indicates growth, more and more investors seem to run away from the market.

Bitcoin's Incoming 100x Profits are Not Appealing to the Investors

 Recently, asset management master Larry Lepard says that he expects Bitcoin to hit a massive US$2 million valuation in the next six years. He believes that the BTC/USD token could deliver 100x gains in the near future, based on its current price movements. Bitcoin's current downtrend is apparently no reason to believe that the token cannot generate a massive amount of return on investments in the incoming future. Leopard is quite optimistic about Bitcoin's future, which he says has become a great voice in the development of the mainstream economic and financial markets. However, he also said that he does not advise anybody to buy cryptocurrencies at this volatile stage.

Apparently, the Bitcoin price is waiting patiently for certain triggers to produce a massive price rally in the incoming future. Besides, BTC's descending wedges are also considered a critical indicator of a bullish pattern, which means that the eventual breakout is expected to happen quite soon. Currently, the cryptocurrency market is displaying mixed signals, showing that the bearish trends might not yet be over. Bitcoin's volatility is driving investors away from the market, causing a massive reduction in the BTC trading volume. Based on traditional data, influxes in exchange movement can lead to volatile crypto environments. Furthermore, Bitcoin price prediction reports say that the token may be nearing its lowest, and traders should be ready for more challenging days ahead if they are planning on staying in sync with the market.

Bottom Line

Currently, at the time of writing this article, the Bitcoin price is revolving around the US$19,000 to US$20,000 mark. If Bitcoin explodes in the months to come, it will be inching toward the US$21k value, and slowly move towards US$30,000. However, Bitcoin competitors are making it difficult for the token to demonstrate its dominance over other cryptos. Only time will tell, what the market holds for us in the future.