Willy Woo: BTC Will Reach $1M by 2035
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According to analyst and co-founder of CMCC Crest Willy Woo, the “fair price” of the first cryptocurrency will reach $1 million by 2035.
This prediction is based on the growth curve of users and should not be confused with the peak price in a hype-driven bull market.
Woo points out that Bitcoin initially had no price until 1000 users appeared, and by 2011 it had a few trading platforms to determine its value. He further explains that since 2012, the price of Bitcoin has been primarily driven by the increase in user numbers.
It is worth mentioning that Woo previously stated in April 2024 that Bitcoin will become more scarce than gold due to advancements in technology allowing for increased gold production.
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