Fox Business host Charles Payne believes that as long as the U.S. government does not crack down hard on Bitcoin, the price of Bitcoin may reach $1 million one day in the future.
Payne explained that unlike Bitcoin, stocks give shareholders access to “great businesses” and allow them to participate in building the capitalist system that underpins the United States. However, Bitcoin may have more room to rise, it may reach $1 million; it also has the ability to revolutionize overbearing (US) government intervention. If citizens refuse to accept a CBDC due to issues such as privacy or trust, Payne worries that governments may force them to use it.
Charles Payne said: "I want to see Bitcoin succeed, and I think eventually it will succeed. It has the potential to be universal and change the world and help people who are currently in hopeless situations." (Cryptopotato)