In an in-depth study that was published on the social media platform X, Fred Krueger, a well-known crypto analyst who was also the former founder and chairman of Traffic Marketplace, made a surprising prediction on the path that Bitcoin would take in the future. There is a wild forecast made by Krueger that suggests the price of Bitcoin might surpass the $10 million level over the next ten to twenty years.

Why the Price of Bitcoin Might Reach $10 Million Within the Next Two Decades
A comprehensive analysis of adoption patterns, technical breakthroughs, and a comparison with the growth trajectories of important technology innovations and social media platforms are the foundations around which Krueger's estimates are built. His investigation starts with a query that was asked by Tom Lee in 2019 concerning the real number of people who owned cryptocurrency. At the time, it was thought that the number of crypto owners was somewhere around 500,000.


The following on "crypto Twitter," where having 100,000 followers may indicate influencer status within the Bitcoin community, was a contributing factor in the calculation of this statistic. Krueger draws attention to a striking disparity in the measurements of impact when contrasted to the enormous social media platforms that are considered mainstream.

"You really need 10 Million followers to be a star on Instagram versus a hundred thousand followers to be a star on Bitcoin Twitter," he emphasizes, utilizing this gap to illustrate the embryonic status of Bitcoin's present acceptance when compared to that other worldwide social media giants.

The insights that Krueger provides go beyond simple follower numbers and go into the world of acceptance percentages as well as the prospective development trajectory for Bitcoin. In light of the fact that there has been expansion since 2019, he said, "I'll put that number at 2 Million today." But once adoption of the technology really begins, it achieves MUCH greater percentages, as is the case with all technologies.

His recollections of competing with Facebook in 2006 with his firm, Tagworld, provide a historical perspective from which to examine the possibilities of Bitcoin. "Now, three billion people use social media," he said, drawing a comparison to indicate that a comparable expansion in user base may be on the horizon for Bitcoin. He was referring to the growth of the social networking platform. In a bold estimate, Krueger said, "I would guess, in 20 years, 2 billion people will use Bitcoin," implying that the number of individuals using Bitcoin would expand by a factor of 1000.

A Way Forward to Reach 2 Billion Users
Krueger's thesis is built on the foundation of the fixed supply of Bitcoin and the consequences that this supply has for the price of Bitcoin as its popularity grows. "Imagine where we will get to with 2 billion users if the price is $48,000 with 2 million users and the supply is fixed," he elaborates, offering a clear justification for his projection. "If the supply is fixed, think about where we will get to."

As Krueger addresses the possibility of skepticism and the competitive environment of cryptocurrencies, he continues to maintain his unflinching conviction that Bitcoin is the most dominant cryptocurrency. So, Bitcoin has an immediate target of one million, which is equivalent to or greater than gold, and we will reach that goal within this cycle. And then there is adoption, which brings us to the very high numbers. Krueger believes that all that is required of you is to purchase it rather than sell it. He highlights Bitcoin's one-of-a-kind value proposition and its fixed supply as significant differentiators that will drive its unprecedented acceptance and value growth in comparison to other digital assets.

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In addition, Krueger does an investigation into the processes that have the potential to speed up the process of Bitcoin's trip toward universal acceptance. It is his contention that financial tools like as spot exchange-traded funds (ETFs) play a crucial part in democratizing access to Bitcoin for millions of investors in the United States.

When it comes to adoption, the ETF is likely to be a significant initial step. It is not that difficult to get a large number of people to buy a Bitcoin exchange-traded fund (ETF) over the next five years, according to Krueger's prediction, which highlights the potential of the ETF to bridge the gap between conventional finance and Bitcoin for mainstream investors.

Nevertheless, technical improvements, in particular those that improve Bitcoin's scalability and usability by means of Layer 2 solutions and trustless wrapped BTC, are being recognized as essential facilitators of a much larger wave of adoption. Krueger makes the argument that there is a fundamental need for consumer-grade apps that can make it easier for Bitcoin to shift into mass-market use cases.

"In order to expand Bitcoin's use cases to the mainstream market, we need consumer-grade applications. His trust in the technical advancement that will serve as the foundation for the rise of the cryptocurrency is shown by the fact that he makes the observation that "this is what EVENTUALLY makes Bitcoin win."

When taken as a whole, Fred Krueger's study provides a compelling story on the future trajectory of Bitcoin by combining historical similarities, economic concepts, and technical improvements. The fact that he believes Bitcoin will reach $10 million over the next ten to twenty years is not only an enthusiastic estimate; rather, it is a precise vision that is founded on a profound grasp of the mechanics of the market.


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