Bitcoin (BTC) on its way to $1 Million? Check out what the experts have to say!

Updated

April 14, 2025

Gambar Bitcoin (BTC) on its way to $1 Million? Check out what the experts have to say!

Jakarta, Pintu News – Amidst volatile market fluctuations, leading executives and analysts in the crypto world remain optimistic about the future of Bitcoin . Despite significant price drops, confidence in Bitcoin’s long-term potential remains strong among industry leaders. This shows that there is more than just speculation behind this digital asset.

Positive Outlook from Executives

From the streets of Lahore to the global stage.@cz_binance sat down with PCC CEO @Bilalbinsaqib to talk crypto regulation, youth empowerment, and Pakistan’s place in the Web3 revolution.

Watch now. pic.twitter.com/p52viXL24o
— Pakistan Crypto Council (@cryptocouncilpk) April 11, 2025

According to Dan Held, a Bitcoin (BTC) educator, bearish times like these often make people doubt their investments. However, Held emphasizes that emotions like fear and anxiety are part of market dynamics. He advises staying calm and maintaining Bitcoin (BTC) holdings (“HODL”) despite the volatile market.

On the other hand, Changpeng Zhao (CZ), founder of Binance, was recently appointed as a Strategic Advisor to the Pakistan Crypto Council, expressing his belief that Bitcoin (BTC) will definitely reach $1 million. This statement comes at the right time as Pakistan begins to adopt blockchain innovations, adding weight to his prediction.

Also Read: Ripple (XRP) Movement and Potential Correction: What Crypto Investors Need to Watch Out for?

Criticism of Bitcoin (BTC)

Bitcoin is currently 24% below its January high in U.S. dollars, but it's 30% below its high in Japanese yen and 31% below its high in euros. So Bitcoin HODLers in Europe and Japan are taking an even bigger beating than those in the U.S. and will likely throw in the towel first.
— Peter Schiff (@PeterSchiff) April 12, 2025

While many are optimistic, not everyone has the same view on Bitcoin (BTC). Peter Schiff, a well-known critic, points out that Bitcoin (BTC) is currently 24% below its January peak in US dollars, and even lower in other currencies such as the Japanese yen and the euro. This shows that Bitcoin (BTC) still faces significant challenges in the global market.

Schiff added that Bitcoin (BTC) investors in Europe and Japan may feel more pressured and could be the first to “throw in the towel”. These comments highlight that despite optimism, there is still a lot of skepticism around the future of Bitcoin (BTC).

Future Outlook of Bitcoin (BTC)

On-chain data from IntoTheBlock shows an optimistic picture, with almost 79% of holders currently “in the money”, indicating that they are still making a profit on their investment. This could be a strong indicator that Bitcoin (BTC) still has a solid investor base.

Technical indicators, such as the positive Chaikin Money Flow (CMF) and the Relative Strength Index (RSI) hovering around 50, indicate a growing but still hesitant momentum. If this momentum continues to build, analysts predict that the next key resistance could appear near $94,500, which may be the starting point for the next big surge for Bitcoin (BTC).

Conclusion

With varying views from experts and ever-evolving market data, the future of Bitcoin (BTC) is still full of potential. Despite challenges and criticisms, optimism among industry leaders suggests that Bitcoin (BTC) still has plenty of room to grow. Whether this will take Bitcoin (BTC) to new price levels remains to be seen, but one thing is for sure, this cryptocurrency won’t disappear from the world’s attention anytime soon.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.