By cryptoadmin Jeff Park, head of alpha methods at Bitwise Make investments, has predicted that the worth of Bitcoin would possibly probably hit $1 million if the US creates a Bitcoin reserve.
"That’s the one math by which Bitcoin can hit $1mm+ in 2025 when it occurs," Park stated in a latest tweet.
Nevertheless, he sees solely a comparatively small 10% of a federal Bitcoin reserve occurring subsequent 12 months.
Earlier this 12 months, Senator Cynthia Lummis of Lummis launched a draft invoice that may require the U.S. Treasury to accumulate 1 billion Bitcoins over the course of 5 years.
The thought has attracted loads of consideration in latest months, with varied pundits debating its viability.
In the meantime, Polymarket patrons see a 31% probability of a Bitcoin reserve occurring in 2025.