Expert Advises Wealthy Individuals to Hold One Bitcoin

Expert Advises Wealthy Individuals to Secure One Bitcoin Amid Soaring Prices

Bitcoin’s Rapid Ascent and Its Implications

Bitcoin’s price surged past $122,000 this week, extending its rally into a fourth consecutive month and briefly reaching $123,000 on Monday. This remarkable increase places the cryptocurrency at nearly twice the average annual salary in the United States, which stands at $66,600 according to the Social Security Administration. Such a valuation renders Bitcoin increasingly inaccessible to everyday investors, highlighting a growing divide between retail and high-net-worth participants in the market.

Calls for Millionaires to Act Swiftly

In response to Bitcoin’s escalating value, influential figures within the cryptocurrency community are urging affluent individuals to secure ownership of at least one Bitcoin while it remains feasible. The crypto news outlet Altcoin Daily recently emphasized the importance of this acquisition for millionaires, underscoring the limited supply of Bitcoin. El Salvador’s President Nayib Bukele has similarly warned that with only 21 million Bitcoins ever to exist and over 50 million millionaires worldwide, not every wealthy individual will be able to claim a whole coin. As demand intensifies, even fractional ownership of half a Bitcoin may soon become prohibitively expensive.

Market Expectations and Price Projections

Data from Bloomberg Terminal reveals a growing sentiment among traders who now contemplate Bitcoin’s value in terms of millions per coin, anticipating a potential rise into seven-figure territory. Eric Trump, son of former U.S. President Donald Trump, recently predicted that half a Bitcoin could soon represent a substantial sum, suggesting a mid-term price target of $1 million per coin.

This bullish outlook is echoed by industry leaders. Changpeng Zhao, co-founder of Binance, has indicated that Bitcoin could reach the $1 million mark within the current bull cycle. Brandon Green of BTC Inc. shares a similar forecast. Ark Invest projects a base-case price of $1.5 million by 2030, with a more optimistic scenario reaching $2.4 million, driven by increased adoption from institutional investors and nation-states. Michael Saylor, chairman of MicroStrategy, has set an even more ambitious target of $13 million per Bitcoin by 2045, citing regulatory clarity and growing corporate investment as key factors.

Risks and Market Volatility

Despite these optimistic projections, significant risks persist. Regulatory scrutiny remains a critical concern, alongside the inherent volatility and speculative nature of cryptocurrency markets. Recent data indicates that Bitcoin’s market leverage is at a yearly high, reflecting an elevated risk appetite among investors. While leverage can amplify gains, it also increases the potential for sharp price corrections.

The broader financial environment may also influence Bitcoin’s trajectory. The U.S. M2 money supply recently reached a record $22 trillion, a factor some analysts believe could further propel Bitcoin’s price. However, this surge in liquidity may also contribute to increased volatility and speculative excess within the market.

Institutional Responses and Market Dynamics

As Bitcoin’s price continues to climb, financial institutions may respond by expanding their cryptocurrency holdings or adopting similar investment strategies. Nonetheless, some competitors remain cautious, mindful of regulatory uncertainties and the asset’s notorious price fluctuations.

A Closing Window for Full Bitcoin Ownership

While fractional ownership enables smaller investors to participate in the market, the urgency among wealthy individuals to acquire a full Bitcoin is intensifying. With a fixed supply and rising demand, the opportunity to secure an entire Bitcoin may soon be beyond reach—even for millionaires. Bitcoin’s ongoing rally is reshaping the investment landscape, narrowing the window for accessible ownership.