$18T Is Needed to Get BTC to $1M Within 3 Months Says Analyst
- Ali tweeted this morning that more than $18 trillion is needed for BTC to reach $1 million within 3 months.
- The analyst added that current market sentiment suggests that the market has reached a top.
- BTC’s price is down 1.91% at press time according to CoinMarketCap.
Crypto analyst Ali (@ali_chats) tweeted this morning that more than $18 trillion will need to be invested in Bitcoin (BTC) in order for BTC’s price to rise to $1,000,000 within the next 3 months. According to the tweet, the exact total needed to elevate BTC’s price to the $1,000,000 threshold is $18,797,203,666,237.
The analyst added that “this simplified calculation does not account for factors such as market liquidity, order book depth, depreciation in the US dollar value, and other market dynamics.
Ali also included a tweet he made yesterday wherein he stated that everyone talking about BTC hitting $1 million in the next 90 days may be a sign of a market top signal.
At press time, the global crypto market cap has declined in the last 24 hours according to CoinMarketCap. As a result, the total crypto market cap is estimated to be $1.15 trillion. With respect to the crypto market l…
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