Bitcoin analyst sees 'perfect backdrop' for $100K this bull cycle, $1M by 2035

Bitcoin analyst sees 'perfect backdrop' for $100K this bull cycle, $1M by 2035


Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph.

Speaking in an interview with Cointelegraph Markets‘ analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs.

Saunders: $1M Bitcoin price by 2035

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“It’s either going to keep going like right now in the next few weeks and get to $20,000 very quickly, or it’s going to have its bit of a range now and then hopefully positive into next year,” he said.

Saunders was speaking as BTC/USD came off recent highs of $18,400 to move in a wide corridor, which has become focused on $17,700. Gains have been swift, with weekly performance alone delivering up to 15% returns.

Looking ahead, Saunders believed that six or seven figures for Bitcoin lay some way off, but that a combination of money and adoption meant that there was now “no

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