Market expert Rajat Soni predicts that Bitcoin (BTC) could reach a staggering valuation of $1 million in the coming years.

He dismisses the notion that a potential win by former president Donald Trump is essential for Bitcoin's success, asserting that the cryptocurrency's performance operates independently of political outcomes.

Soni points out several advantages of Bitcoin over real estate, including the absence of maintenance costs, property taxes, and legal fees, which makes BTC a more appealing store of value.

Despite concerns that Vice President Kamala Harris's potential presidency could negatively impact Bitcoin's price, Soni believes it may actually drive wealthy individuals to invest more heavily in BTC.

He expresses confidence that Bitcoin will outperform other asset classes in the long run, irrespective of the results of the upcoming US Presidential election.

Soni maintains that Bitcoin's long-term potential remains robust, regardless of the political landscape.

Furthermore, he predicts that Bitcoin could contribute to the collapse of the real estate market, as he considers it a superior investment compared to traditional property.