Cryptocurrency Company Executive Discusses the Possibility of Bitcoin Reaching $10 Million

Bitfury's EVP George Kikvadze a prominent figure in the cryptocurrency world made a striking prediction about Bitcoin's future in an interview with CNBC ￰0￱ to Kikvadze

it's “only a matter of time” before the price of Bitcoin reaches $1 million and then $10 ￰1￱ an early Bitcoin investor Kikvadze assessed the cryptocurrency's evolution over the past decade and detailed the macroeconomic and institutional factors behind the ￰2￱ that he has always viewed Bitcoin as “an investment against the irresponsibility of governments and the money printing of central banks,” Kikvadze argued that it acts as a “digital gold” with anti-inflationary properties and an ￰3￱ News: Tether (USDT) Co-Founder Explains Why Bitcoin Price Fell Stating that there is more than one reason for the dramatic rise in Bitcoin’s price Kikvadze listed the most important driving forces as follows: Global Debt and QE: The rise in government debt worldwide

the continued spending of OECD countries and the quantitative easing (QE) policies of central banks have increased the appeal of ￰4￱ Wave: He noted that the increased access to institutions driven by the entry of giants like BlackRock and Fidelity has had a profound impact on the ￰5￱ attributed the beginning of institutional interest to Paul Tudor Jones' article supporting ￰6￱ also touched on competition in the mining sector

stating that the field is becoming more ￰7￱ reiterated that regulation for cryptocurrencies is a necessary and good thing as he has believed since 2014. *This is not investment ￰8￱ Reading: Cryptocurrency Company Executive Discusses the Possibility of Bitcoin Reaching $10 Million