Bitcoin to Reach $1 Million- Coindesk Crypto Expert

• A coindesk editor has predicted that Bitcoin can reach $1 million in the next 5 years

• The editor, Ollie Leech believes that the scarcity of the asset in the coming years could make it an incredible coin to hold

• Leech also expects BTC’s rise to be aided by the next halving event in 2024

As more investors come into the crypto market, experts have predicted that flagship coin, Bitcoin can skyrocket in the coming years.

A crypto editor at Coindesk, Ollie Leech believes that the crypto asset can go as high as $1 million in the next 5 years.

Leech expects the scarcity of BTC to increase and this will trigger a surge in its value.

The editor also believes that the coin’s rise can be aided by the next halving in 2024.

The value of the coin has been known to increase drastically in the year after a halving.

The last halving was in 2020 and one happens every 4 years.

Read also: Dogecoin Nears $0.7 as Rally Continues

At the time of this report, Bitcoin’s market cap is at $1 Trillion, this is about double its value at the start of the year.

The strong rally has been aided by investments from major companies around the world.

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