Bitcoin (BTC) Price Prediction to $3 Million: Possible or Outrageous Speculation?

Luke Broyles suggests Bitcoin could reach $3 million per coin based on potential growth comparable to the internet’s early expansion, and labels BTC as the first triple point asset.

Luke Broyles, a crypto analyst and Bitcoin advocate, thinks it’s possible that the cryptocurrency could reach $3 million per coin, and all it takes is 100x from today. “Sounds crazy until you realize the internet at 10% was the 2000s… massive growth vs old media, yet early,” Broyles stated. Throughout 2023, BTC has recouped at least 50% of its ATH in November 2021, currently exchanging hands at $34,501. The coin has remained in a consolidated zone for the past seven days, as data from CoinMarketCap shows. However, most of the price action has been driven by the news surrounding a spot ETF, which is fading away.

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