If You're Bitcoining A McDonald's Big Mac, Here's How Much Gains You Could Miss If It Reaches Cathie Wood's $1M Price Target
Portfolio Pulse from Mehab Qureshi
A viral video of a man purchasing a Big Mac at McDonald's using Bitcoin has sparked discussions about the potential missed gains if Bitcoin's price surges. If Bitcoin reaches the $1 million price target predicted by Ark Invest CEO Cathie Wood, the value of the Bitcoin used to purchase the Big Mac could have increased by 3700%.
September 28, 2023 | 11:25 am
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POSITIVE IMPACT
The use of Bitcoin for everyday purchases could lead to missed gains if the cryptocurrency's price surges to the predicted $1 million mark.
The news highlights the potential opportunity cost of using Bitcoin for everyday purchases. If Bitcoin's price surges to the predicted $1 million, the value of the Bitcoin used for purchases could have significantly increased. This could potentially lead to a positive sentiment among investors, driving up the price of Bitcoin in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100