Just a matter of time before bitcoin hits $10 million: Bitfury EVP

Market Trends & Bitcoin Performance - Bitcoin price increased from approximately $109,000 to over $123,000 within a week [1] - Bitcoin is viewed as a hedge against government irresponsibility and central banks' money printing [2] - Bitcoin's all-time high was reached in August at above $124,000 [3] Long-Term Bitcoin Outlook - There's a directional bet that Bitcoin will reach $1 million, then $10 million [4] - Bitcoin is considered a scarce value asset, a digital gold, and anti-inflationary [5] Institutional Adoption & Regulatory Landscape - Institutional adoption, particularly BlackRock and Fidelity, has made Bitcoin more accessible [7] - US is playing catch-up in crypto regulation, with disastrous policies from the Biden administration initially driving innovation elsewhere [19] - There's optimism that the US can become both an AI and crypto capital, driven by clearer regulations [22] Bitcoin Mining & AI Convergence - Bitcoin miners are transitioning to AI HPC (High-Performance Computing) due to increasing capital intensity and competition [11] - Some Bitcoin mining companies are leveraging their energy contracts for AI applications [13] - Bitfury incubated Hot 8 and Cipher Mining, holding equity stakes with growth projections [15] Crypto VC Trends & Tokenization - Stablecoins and Bitcoin layer-2 solutions are seeing significant innovation [24] - Tokenization of real-world assets, including projects in genomics and cancer research, is expected to grow [25]