Calamos CEO John Koudounis: Bitcoin will reach 1 million dollars by 2030

Calamos Investments CEO John Koudounis reiterated his long-term bullish outlook on Bitcoin, predicting that the price of Bitcoin will reach $1 million by 2030. He stated that banks issuing loans backed by Bitcoin, the decrease in Bitcoin volatility, and new ETF products could open the door for the largest globally managed funds to enter the market.

Koudounis introduced that Calamos decided to invest only after eight years of researching Bitcoin and launched the world's first downside-protected Bitcoin ETF, offering protection levels of 100%, 90%, and 80%. He also discussed the shift in financing from convertible bonds to perpetual preferred stocks, as well as the rising interest in Bitcoin from sovereign wealth funds and large banks.

Additionally, he discussed the Clarity Act and Bitcoin's commodity attributes, capital controls, the issues of Cyprus and de-banking, and compared Bitcoin to gold, believing that Bitcoin's scarcity is superior to that of gold. He also pointed out that financial advisors still generally avoid Bitcoin.