Bitcoin $1m

But there are caveats, the biggest one being the volatility in bitcoin's price. The digital coin is known for wild swings in price.

History of bitcoin

Panigirtzoglou said bitcoin is "five times more volatility than gold. The key to bitcoin's volatility converging with gold is institutional adoption, the JPMorgan strategist said.

Still, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high. Skip Navigation. Markets Pre-Markets U. Key Points. One JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen. In this article.

Why bitcoin going to $1,000,000 is unlikely and horrifying

In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, in Katwijk, Netherlands. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally. A number of factors are behind the rush into bitcoin. VIDEO Blockchain ETF hits new all-time high.

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However, another expert told Express. Giles Coghlan, chief currency analyst at HYCM, said: "When you see an asset and think, 'Wow this can only go one way' — that is a recipe for either making a fortune of losing a fortune. I would advise all clients against using heavy leverage and manage their risks.

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The journalists who worked on this article do not own Bitcoin. Bitcoin sees price surge following Elon Musk endorsement. Bitcoin news: Bitcoin's value has surged Image: getty. Bitcoin news: Elon Musk has backed Bitcoin Image: getty.

History of bitcoin - Wikipedia

He also backed Bitcoin to reach a million dollar value. And that's what I called the insolvency phase.

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