Yat Siu, the founder of $5.2 Billion Web3 firm Animoca Brands, has made a bold prediction, asserting that the price of Bitcoin could reach $100,000 before year-end and $1 million in the near future. Siu made this statement during Wednesday’s panel discussion at the WebSummit Rio conference. He emphasized that Bitcoin’s future value depends not solely on its function as a store of value but also as a crucial status symbol in the digital economy. “I do believe that Bitcoin can reach a million dollars plus over time,” said Siu, adding, “I would say a more important place for us all to focus is on real-world utility for the assets, and that’s what’s going to drive long-term value and stability.”