Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the purchasing power of the dollar. 

According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power, he said during an appearance on Altcoin Daily podcast on September 13.

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