Critics questioned the viability of a 1 million Bitcoin, while the crypto maximalists supported it whole-heartedly. Once that happens, and that happens really fast, then we send the value along with. Most blockchain protocols outside of smart contract platforms dont allow for the transfer of multiple assets. Lets start with a perfect scenario. A fractured network would merely prompt users to leave it for the next-best blockchain asset. However, his long-term outlook is much different. There are a lot of moves in the crypto space that are supporting and triggering the mainstream adoption of digital assets.
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Once again, it strengthens the 1 million project for bitcoin, as predicted by Lund and many crypto experts before him. Jesse Lund is bullish on Bitcoin so bullish, in fact, that he set a long-term 1 million price target. According to the many crypto startups, they couldnt afford a 5,000 fee only to apply for BitLicense, specifically when nydfs couldnt guarantee their approval. At the same time, more than two-thirds of the population has a smartphone and an internet connection. That transfer of value is made possible by digital instruments, settlement instruments, of which Lumens is one. So we see Lumens as a viable settlement instrument in this ecosystem of cross-border payments. Venezuela and Zimbabwe, for instance, are experiencing their worst hyperinflation phase owing to poor political decisions. Think of it as feeding a large number of inputs through a tight funnel. An average Joe would always feel threatened by law while using cryptocurrencies. Many people in the crypto space often mention bitcoin (BTC) reaching 1 million per coin. This means they would need to buy a substantial amount of BTC, leading to less supply available for retail (public) trade and use, given the scarce supply.
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