An expert Zac Shapiro says that the price of bitcoin may explode to one million dollars if the United States declares the acquisition of 1 million BTC companies

Lawyer Zac Shapiro from the Bitcoin Policy Institute argued that if the United States announced a plan to buy a million BTC, the price may reach one million dollars per currency.

the conversation It occurred during a weekly show that includes the CEO of the Institute for Bitcoin Policy Matthew Pines and Zach Cohen’s growth fellow.

Bitcoin Law and its effects

According to Cabero, the Bitcoin Law, which the US government proposes to obtain a million BTC, can cause 5 % of the total BTC offer, over a period of five years using returns from gold reassessment, to global seismic shock with Bitcoin via ceiling.

Note that the Senator Cinema Lomes submitted the Bitcoin law for the first time in July 2024 and returned it later in March this year.

Shapiro went on to explain that this aggressive income for Bitcoin is likely to lead to a series of second -class effects. In particular, he argued that this advertisement may lead to a high price of bitcoin to a million dollars per coin.

Global Reactions: Transform in Economic Power

Shapiro indicated that The United States government Bitcoin purchases will not pass widely without anyone noticing. Central banks and financial institutions around the world are likely to reconsider their strategies in response to Bitcoin’s rapid income.

With Bitcoin gain recognition as a valuable credible store, traditional assets such as gold may lose some of their attractiveness. In turn, the central banks will start increasing their bitcoin holdings, which increases their price.

Establishment of wealth and economic changes

Beyond the direct effect on Bitcoin priceShapiro also discussed how the American economy will be affected by such a great acquisition. With the high value of Bitcoin, the public budget of the US federal government will benefit significantly.

In addition, many private sector entities, including bitcoin and companies, will witness a rapid accumulation of wealth. Shapiru noted that this wealth generation can have wider effects on the dynamics of trade and global power, as the United States may enhance more economic impact.

High consensus on the future price of Bitcoin

Shapiro’s comments about Bitcoin, which amount to one million dollars per currency, are consistent with predictions of other prominent personalities in space. Eric Trump talks at the Bitcoin Mina conference in December as well Express His confidence in Bitcoin’s capabilities to reach one million dollars.

It highlights the unique bitcoin features, such as its resistance to control, limited supply, and liquidity, as major reasons for its increasing value.

Moreover, analysts such as Lin Alden and the director of asset Bernstein have similar predictions, noting that Bitcoin may reach one million dollars by 2035.