I feel privileged to be part of the history of bitcoin, which has smashed through $27,000 and reached a new level of adoption and recognition. This is a reflection of the growing demand and innovation in the crypto space, as well as the support from institutional investors and corporations. Forbes reports that some analysts forecast that bitcoin could hit $1 million in 90 days, as the US dollar is destroyed by the massive stimulus measures from the Federal Reserve. I have a positive outlook on the future of bitcoin and crypto in general. #Bitcoin #Future

Some of the factors that are driving the demand and innovation in the crypto space are the increasing adoption of decentralized finance (DeFi) applications, which offer various financial services without intermediaries; the emergence of non-fungible tokens (NFTs), which are unique digital assets that represent art, music, gaming, and other forms of creativity; and the development of layer-2 solutions, which are protocols that aim to improve the scalability and efficiency of blockchain networks.

Some of the institutional investors and corporations that are supporting bitcoin are MicroStrategy, which has accumulated over 100,000 bitcoins as part of its treasury strategy; Tesla, which has invested $1.5 billion in bitcoin and accepts it as a payment option for its electric vehicles; and Square, which has bought $220 million worth of bitcoin and integrated it into its Cash App platform.

Some of the analysts that forecast that bitcoin could hit $1 million in 90 days are PlanB, who created the stock-to-flow model that predicts bitcoin’s price based on its scarcity and halving cycles; Anthony Pompliano, who is a co-founder and partner at Morgan Creek Digital, a crypto-focused investment firm; and Tim Draper, who is a billionaire venture capitalist and a long-time bitcoin supporter.