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Can Bitcoin Reach $560,000?

·4 min read
Can Bitcoin Reach $560,000?

Bitcoin's (CRYPTO: BTC) price has skyrocketed more than 7,200% over the past five years, easily outperforming traditional assets and silencing the critics who claimed the cryptocurrency's gains were unsustainable. In this year alone, Bitcoin's price has nearly doubled, even as China's crackdown on cryptocurrency trades throttled its gains. Wood recently claimed that Bitcoin's price could still soar to $560,000 by 2026.