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Bitcoin ETFs, gov't adoption to drive BTC to $1M by 2029: Finance Redefined

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
"Structural" ETF inflows and continued governmental adoption may push Bitcoin above $1 million by 2029, as BTC may start mirroring gold's market capitalization.
The article from Cointelegraph discusses the significant growth and mainstream adoption of Bitcoin, highlighted by the launch of Bitcoin exchange-traded funds (ETFs) in the U.S., which saw a record-breaking $1.9 billion in trading volume on their first day. The piece also covers the increasing governmental adoption of Bitcoin, with El Salvador's pioneering move to accept BTC as legal tender and other countries like the Central African Republic following suit. Additionally, the article references a prediction by Cathie Wood of Ark Invest, who forecasts Bitcoin reaching $1 million by 2029, driven by institutional adoption and technological advancements. The narrative underscores a broader trend of financial institutions and governments recognizing Bitcoin's potential, reshaping the financial landscape.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/bitcoin-etfs-gov-t-adoption-btc-1-m-by-2029-finance-redefined ]