Crypto Price Prediction: Volcanos Could Push Bitcoin To $1 Million In Five Years—Leaving Ethereum, BNB, Solana, Cardano, XRP And Cro In The DustBitcoin and cryptocurrency prices have returned to form in recent months following a summer market lull—and despite some serious warnings.

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The bitcoin price hit an all-time high of almost $69,000 per bitcoin in November before falling back. Meanwhile, other major cryptocurrencies have made far greater gains than bitcoin over the last year—including ethereum, Binance's BNB, solana, cardano, and Ripple's XRP—pushing the combined crypto market capitalization of highs of $3 trillion.

Now, Samson Mow, chief strategy officer of blockchain technology provider Blockstream, has said he expects El Salvador's volcano-powered, bitcoin-back bonds to help the bitcoin price climb to $1 million per bitcoin in just five years.

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The bitcoin price has surged this year, rocketing hundreds of percent but the likes of ethereum, ... [+] Binance's BNB, solana, cardano, Ripple's XRP and Crypto.com's cro have made far greater gains.

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"If bitcoin at the five-year mark reaches $1 million, which I think it will, [El Salvador] will sell bitcoin in two quarters and recoup that $500 million," said Mow, speaking alongside El Salvador's president Nayib Bukele at the weekend and explaining how the country could finance its bitcoin bonds, it was reported by Reuters