Could Bitcoin really be worth more than $5 million per coin if everyone in the world clearly understood exactly what it is? Absolutely according to Crypto value investor Mike Alfred.
"If everyone already understood Bitcoin it would cost at least $5,000,000 to buy one. Be thankful."
Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet.
“If this trend continues, cryptocurrencies could soon exit the early adoption phase and enter an inflection point of hyper-adoption, similar to other technologies,” said the report.
"There is a point where adoption rates begin to rise and do not look back [...] Precise numbers aside, there is no doubt that global cryptocurrency adoption is rising, and could soon hit a hyper-inflection point.”
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