Why a $1 Million Bitcoin Price Isn't Crazy

For many critics, the current bitcoin (CRYPTO: BTC) price of over $35,000 is already too high. They tend to point to a lack of real-world use cases and applications for the Bitcoin network as proof that the system is little more than a Ponzi scheme.

But the reality is that the crypto asset is already in heavy use today as a store of value, and this underlying utility of bitcoin could potentially take its price to $1 million per coin.

Image Source: Getty Images

Continue reading

Source Fool.com