Analyst Predicts Bitcoin's Potential to Surpass $5 Million Amid Market Speculation

A decade after predicting Bitcoin could reach $100,000, Wall Street analyst Gil Luria now suggests there's a small chance it could replace the U.S. dollar and reach $5 million per token. Luria, who initially highlighted Bitcoin's potential as a disruptive payment technology, now sees a 1-2% probability of it becoming the global money supply, driven by its resilience and growing adoption. This shift in perspective reflects Bitcoin's evolution and its potential as a store of value, akin to gold, as noted by Federal Reserve Chair Jerome Powell.