Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, talked about Bitcoin (BTC) in his recent statement at a Bloomberg event in Miami. He believes that the world's biggest cryptocurrency by market cap has the potential to reach $1 million, reported Bitcoin.com
Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. The world’s largest digital coin fell toward $60,000 during late morning trade Singapore time. It recovered some of those loses and was trading at around $60,542 at 9:26 a.m. London time (4:26 a.m. ET), according to Coin Metrics data, down 5% from 24 hours before.