Cobo Godfish: Bitcoin reaching 1.5 million dollars is still conservative

ChainCatcher news, during today's 2024 Hong Kong Web3 Carnival roundtable discussion, Li Yang, founder of the Orange Paper, Xing Kong, founder of Bixin Group, Shen Yu, co-founder and CEO of Cobo, Jan Xie, architect of Nervos CKB, and Du Jun, CEO of New Fire Technology, discussed the theme of "Fifteen Years of Bitcoin."

On the opening day, ARK Invest CEO and Chief Investment Officer Cathie Wood boldly predicted that Bitcoin would reach $1.5 million by 2030. In response, Shen Yu stated, "I think the $1.5 million figure is still a bit conservative; $1.5 million is definitely achievable, and it should take one or two more cycles. Major financial institutions, small central banks, sovereign funds, and other core players have started to enter the market. Moreover, in my view, the core issues of blockchain have been resolved, and we will see a surge in large-scale applications in one or two cycles. By that stage, reaching $1.5 million for Bitcoin will not be a big issue, and there is even a broader future with several times more potential."