Trip Chowdhry at Global Equities Research doesn’t have the following that Draper has but his $4 million price target is certainly more bullish than Draper’s. Bitcoin technology is configured so that there will only be 21 million bitcoins created. If bitcoin reaches Chowdhry’s $4 million target and all bitcoins are created, that would make the cryptocurrency’s market cap $84 trillion. Bitcoin price chart StockCharts.comChowdhry’s 5 reasons bitcoin can reach $4 millionTrip Chowdhry has 5 reasons that a single bitcoin will be worth $4 million. 1) Bitcoin is “elbowing” for Renewable EnergyChowdhry believes that as bitcoin’s price increases the number of miners and systems to create a bitcoin will increase.

Source: Forbes July 31, 2021 19:18 UTC