John Koudounis, CEO of Calamos Investments, maintains his forecast that bitcoin will reach $1 million by 2030, roughly a thirteenfold increase from its current price. He justifies this projection with several factors: bank lending backed by bitcoin, falling volatility, and the development of new downside-protected ETF products. Koudounis believes these elements could unlock access to the world’s largest pools of advised capital, including sovereign wealth funds and major banks. He also discusses the Clarity Act and bitcoin’s commodity status.
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