$BTC to $1 million in the next 90 days might be a bold prediction, but certainly not the most accurate, adamscochran believes
Cochran also points out that alternative wealth assets, such as cryptocurrencies and precious metals, typically perform well during economic risks rather than system risks. When the economy is struggling or cash flow is limited, alternative assets can be a viable option. However, when the entire system is at risk of collapsing, the value of these assets becomes irrelevant.
The analyst draws on the example of the stock market crash on Feb. 20, 2020, when the world was grappling with the onset of the pandemic. During this period, Bitcoin's price plummeted by more than 60% from its peak. Even if one were to argue that Bitcoin is now more widely accepted as an alternative to gold, Cochran demonstrates that gold's performance during the pandemic crash was not particularly impressive either.
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