There’s a Brutal Twist Behind $1 Million Bitcoin Price Predictions

If you told an early Bitcoin adopter ten years ago that the cryptocurrency would one day hit $1 million, they would’ve laughed. Ten years ago, a single coin traded for less than $1.00; at times, it traded for a price well under a cent.

But times have changed. Now, instead of getting laughed at, those predicting the leading cryptocurrency will hit seven digits are applauded. It’s become a common sentiment in the Bitcoin market that the asset will eventually rocket higher, leaving all other assets in its wake.

There is evidence to back these forecasts up, but one commentator recently reminded Bitcoin investors that the cryptocurrency hitting seven digits would come with serious societal consequences.

Bitcoin Hitting $1 Million Won’t Be Easy

As the global macroeconomic outlook has grown increasingly dire over the past few weeks, with the IMF going as far as to claim the ongoing recession is the worst since the Great Depression, calls for Bitcoin to skyrocket have increased.

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