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Bitcoin could surge to $1 million as U.S. dollar devaluation sparks fears of collapse.

Market News
29 May 2026
Forbes
View Source
Bullish
pluang ai news

Bitcoin has fallen 30% over the past year amid stock market gains and AI hype, but experts predict a major price boom due to U.S. dollar devaluation. Bitcoin bull Anthony Pompliano warns that ongoing U.S. money printing will undermine the dollar, potentially driving Bitcoin's price to $1 million. Rising U.S. debt and inflation, alongside Federal Reserve money printing, fuel fears of dollar collapse, pushing investors toward assets like gold and Bitcoin. JPMorgan analysts also note a shift from gold to Bitcoin as a preferred hedge against currency debasement, signaling strong future demand for Bitcoin as a store of value.

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