Some fear the hype is overblown, however, and that a repeat of bitcoin's Icarus-like fall is bound to occur.
"I do think that you could see a pullback because it's been a big run, but in the grand scheme of things, I still think there's a long way to go in terms of the potential upside for bitcoin," King told Business Insider on Wednesday.Billionaire Mike Novogratz While King declined to share his own price target for bitcoin, he broke down why it is bound for growth over the coming decade-plus.For one, King pointed to coming inflation and the all-time-high money supply that currently exists following huge monetary and fiscal stimulus this year.
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