Matt Hougan of Bitwise says a $1 million bitcoin is plausible if the global store-of-value market continues growing and bitcoin captures a larger share.
Gold advocate and longtime Bitcoin critic Peter Schiff said that the crypto industry is pushing for government regulation and bailouts not to self-restrain, but to gain public legitimacy.
JPMorgan strategists say Bitcoin looks undervalued versus gold after a 20% drop in October caused by futures deleveraging and a $128 million DeFi hack.