11 Reasons Why Bitcoin Could Fail Despite Million-Dollar Predictions
The Krypto Magazin reports that despite a forecast by the US investment firm Vaneck, which predicts that one Bitcoin could be worth around 2.4 million Swiss francs by 2050, there are numerous risks threatening its success. One major concern is the high electricity consumption of the network, which could account for about 15% of global power generation by then. Additionally, state attacks and bans as well as potential community splits pose significant threats to Bitcoin's future.
Dogecoin Set for Massive Price Surge: Expert Predicts 10,000% Growth
Krypto Magazin highlights an analysis from Coin-Update indicating historical patterns in Dogecoin suggesting imminent massive price increases similar to those seen during bull markets in 2017 and 2021 where prices surged up to 18,000%. Crypto analyst Dima James Potts forecasts strong growth in Dogecoin’s third bullish cycle potentially reaching $10 – a rise of approximately 10,000% from current levels. Supported by figures like Elon Musk, investors show great interest in these developments.
Sources:
