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News Block: GBTC Sees Record Outflows, Cathie Wood Says Bitcoin Could Hit $3.8 Million in 2030, Japan's Largest Pension Fund Exploring Bitcoin, Fed Signals Rate Cuts

Coin Stories

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Bitcoin Price Projections, Institutional Investment, and Global Adoption Trends

This chapter explores Cathie Wood's updated Bitcoin price forecast of $3.8 million by 2030, driven by growing institutional investment and the potential entry of pension funds. It delves into the influence of institutional investors on Bitcoin's value, citing the approach of Japan's biggest pension fund towards investigating Bitcoin, and emphasizes Bitcoin adoption in nations grappling with currency devaluation like Nigeria and Argentina.

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