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El Salvador could see its gross domestic product (GDP) increase tenfold over the next five years if it stays with its Bitcoin (BTC) and AI artificial intelligence (AI) adoption plan under Nayib Bukele’s presidency, says ARK Invest CEO Cathie Wood. Cathie Wood “walked us through the numbers” on how El Salvador can increase its GDP 10-fold to $300 billion by 2029, said Max Keiser, who advises Bukele on Bitcoin related matters.
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Crypto analysts argue that a 5% Bitcoin allocation might be too conservative. Most notably, a recent ARK Invest study suggests that the ideal exposure level should be closer to 19%. If this were to occur, the BTC price will soar over $1.3 million per coin.
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In a bold Bitcoin price forecast that captures the intersection of global economic policy and crypto markets, Arthur Hayes, former CEO of BitMEX and current Chief Investment Officer of Maelstrom, has predicted that geopolitical maneuvers to stabilize the exchange rate between the U.S. dollar and the Japanese yen could catapult the Bitcoin price to an unprecedented $1 million per BTC.
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Macro investor and fund manager Dan Tapiero says: “It’s starting to look scary bullish for Bitcoin, Break of $65K foes right to $90K… and then more” suggesting the king crypto (BTC) will hit $900,000 this cycle, according to the Contentious Crypto Model.
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