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Can bitcoin surpass $1 million by 22-23 with collapse of FTX? by adityajainxds

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· @adityajainxds · (edited)
$1.65
Can bitcoin surpass $1 million by 22-23 with collapse of FTX?
**Dear Hivers**

Despite the worsening effects of the FTX collapse, a prominent investor is sticking to her bold prediction that bitcoin will reach $1 million USD.


![bitcoin-g2158124da_1280.jpg](https://images.hive.blog/DQmZwvDQDDb8BARZxAbBC3ooZJWx2ew53YcKjvpEU8hC9R3/bitcoin-g2158124da_1280.jpg)


when the largest cryptocurrency was worth about $US60,000. Since then, it has been a terrible year for investors in cryptocurrencies, with bitcoin losing more than half of its value due to a string of high-profile breaches, including the Terra/Luna coins, the hedge fund Three Arrows Capital, and the lender Celsius.
An increase of more than 4,000 percent from its current price of approximately $US16,200 is anticipated by analysts.
Given the extensive network of impacted creditors of the Bahamas-based company, the stunning collapse of FTX, one of the largest cryptocurrency exchanges, earlier this month may have the greatest contagion effect yet.

FTX administrators revealed in court filings over the weekend that the company owed its top 50 creditors an alarming $US3.1 billion..

Most of digital money financial backers saw it as a speculative venture, and young fellows would in general be more dynamic in exchanging the months following a critical ascent in the cost of bitcoin, as per examination. The expansion in financial backers following cost increments ought to raise worries about the requirement for extra buyer security.
It comes after a study that was published last week found that approximately three-quarters of people who bought bitcoin lost money.


**Pixabay royalty free Image Credit : [1](https://pixabay.com/illustrations/bitcoin-cryptocurrency-virtual-3024279/ )**

<center>![Screenshot_2020-08-29 One more reminder about PROJECT HOPE stand on PLAGIARIZM and post spinning — Hive.png](https://images.hive.blog/DQmS9vh3DXuTJH2L1tNZ45aRW2LEAJ6TUF7qhZwrvaj14E9/Screenshot_2020-08-29%20One%20more%20reminder%20about%20PROJECT%20HOPE%20stand%20on%20PLAGIARIZM%20and%20post%20spinning%20%E2%80%94%20Hive.png)</center>


<center>
![Screenshot_2020-08-29 Hive.png](https://images.hive.blog/DQmaSzLQyP776QouxfKjRa8XwBxdjwwUfLnNW3oHJfajXU9/Screenshot_2020-08-29%20Hive.png)
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<center>
![Screenshot_2020-08-29 Hive.png](https://images.hive.blog/DQmaSzLQyP776QouxfKjRa8XwBxdjwwUfLnNW3oHJfajXU9/Screenshot_2020-08-29%20Hive.png)
</center>
<center>

![](https://images.hive.blog/DQmNRVUVUdcR5wJ9smmLYh37gKFKjvJUfBcfMgZZvt6Kahd/24rqX9pG7ZxY3jci93aG9bn6UXnvooCvHXyvT4ZrQZsFqQWYrviFNCZdzybiLQrEAv2kjB8oL57qjBJ9EXAFYuAfu7F7no7AaoNpUcB5MQr6ZccAFqzVKVsxWZvkM7pea9gDSsCLWD8GCZBdG8exG4Q6PS4g6WDpe6Y78Nf57jqx7j4aKJT7bFGuCd1NcQXce9oGFVG2oAWXDAUaWb62ZkLaFHxt1b.gif)
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<center>Credit: doze</center>
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vote details (108)
@alaiza ·
I think it will take a long time for confidence to return to the crypto market, beyond any interpretation the institutional sectors will not trust in the short term and I doubt that they will decide to invest and put their resources at risk. Thank you @adityajainxds for sharing this type of content.
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