River Report Projects $840,000 Bitcoin Price, Analysts Urge Caution

Financial services firm River released a report projecting Bitcoin could reach $840,000 within five years, driven by increased institutional adoption and limited supply. The model assumes significant capital inflows and a multiplier effect on market capitalization. However, critics note that the model relies on optimistic assumptions, such as declining price-impact multipliers and the behavior of long-term holders. While the report highlights Bitcoin's scarcity, analysts suggest viewing the projection as a directional trend rather than a precise price predi