Bitcoin Price Won’t Reach $1 Million, David Gokhshtein Thinks, Here’s What He Expects

Founder of Gokhshtein Media, crypto entrepreneur and enthusiast David Gokhshtein has taken to Twitter to share his thoughts on the future of the Bitcoin price and to comment on the recent diverse articles in the crypto media that he has seen.

It seems that Gokhshtein does not believe that Bitcoin will reach the huge $1,000,000 level in any future scenario. However, his expectations for the price of the flagship crypt remain quite high.

“I’ll take $250,000 per coin”

The founder of Gokhshtein Media tweeted that he has recently noticed many articles claiming that Bitcoin is going to reach $1 million in the next few years.

It seems that Gokhshtein does not agree with such an over-optimistic view and says that a price of $250,000 per coin would be fine for him.

The same forecast has been offered by crypto-backing billionaire Tim Draper in recent years.

I see more articles saying that now #Bitcoin going to reach $1,000,000 in the next few years.

I take $250,000 per coin.

— David Gokhshtein (@davidgokhshtein) 29 November 2022

Gokhshtein on the future price of SHIB

David also reckons that the next crypto bull run will give the world some new millionaires. He emphasized that these will be those who believe in the crypto space and the newly created protocols.

This certainly includes those who have bought many new coins, a large part of which will sink without a trace. Dogecoin co-founder Billy Markus has stated several times that he believes crypto is just gambling and speculation.

Oddly enough, this is not the first time Gokhshtein stands against the widely believed and expected crypto price rise. Earlier this year, he tweeted that he doesn’t see Shiba Inu reaching $1. However, he tweeted that he thinks it could reach $0.001.

Whales have been buying a lot of Bitcoin lately

As reported by Santiment data aggregator, over the past five days, major crypto investors, also known as whales, have accumulated nearly 48,000 BTC—47,888 coins, to be precise. This amount of BTC costs $790,611,724 with the current BTC/USD rate of $16,509.

This has happened after whales have been selling their Bitcoins for the past year, while the price was on the decline. Nevertheless, after FTX collapsed and pushed the BTC price even lower, they started buying back Bitcoin.

🐳 #Bitcoin‘s whalers have now spent 13 months dumping their cumulative stocks as prices have fallen. But after a big push down in the first 3 weeks of November which #FTX the news came, 47,888 $BTC has been accumulated back in the last 5 days. pic.twitter.com/VqTFHOvNY3

— Santiment (@santimentfeed) 29 November 2022