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Just like Bitcoin reached a peak of $108,000 in 2021, the broader market discussion of a new price target nearing $1 million has gained momentum. With the U.S. Bitcoin spot ETFs at play and the tariffs projecting Bitcoin as a potential hedge, the market adoption will likely result in a new all-time high.
The refreshed recovery in Bitcoin sparks a debate over a possible $1 million price target. Here's a detailed review of whether Bitcoin will reach the $1 million mark by the end of 2025.
The institutional interest in Bitcoin substantially fueled its price rise. In this case, MicroStrategy is a notable example, having made several changes to its treasury strategy to incorporate significant holdings in Bitcoin.
The current economic instability, growing inflation rates, and fiat currency devaluation have led investors to consider alternative avenues for investment.
With the further advancement of blockchain technology and the implementation of solutions like the Lightning Network, Bitcoin became operationally scalable and transactional.
Cathie Wood (from ARK Invest) places a bet on Bitcoin reaching as high as $1.5 million by 2030, due to its ecosystem development and adoption as a store of value.
Robert Kiyosaki estimates that Bitcoin will be worth $1 million by 2035, primarily as a sign of the future financial crisis and further pressure on fiat currencies.
According to Samson Mow, CEO of JAN3, the projection is for heights of $1 million, possibly even in months, through what he calls "hyperbitcoinization."
The Journal of Risk and Financial Management contains a forecasting model whereby Bitcoin would reach $1 million by the early months of 2027 if daily withdrawals from liquid supply exceed 1,000 BTC.
The supply and demand analysis shows that a significant price increase occurs under conditions of high withdrawals.
The chart goes further to indicate that continuing on this demand trajectory, Bitcoin could also reach $2 million by 2027 or $5 million by 2031, signaling a potential hyperbolic growth pattern as supply constraints kick in.
At the end of day 370 from the Bitcoin halving that occurred on April 20, 2024, it is during this time that post-halving has historically enabled Bitcoin to reach new all-time highs.
This means that almost all previous halvings have ended up in a very aggressive bull market which peaks somewhere between 12 to 18 months later.
By this rule, there is the possibility that Bitcoin will shoot up dramatically - possibly moving close to that much-discussed $1 million mark - in the next 200 days.
Each post-halving cycle has delivered explosive gains, though the percentage increase has gradually lessened over time. However, continued institutional infiltration in increasing sizes, the advent of Bitcoin ETFs, and a rise in the general sense of distrust against fiat systems could impair an already magnified force in the 2024-2025 cycle.
Analysts such as Cathie Wood, Samson Mow, and Robert Kiyosaki believe a price of $1 million is a reasonable expectation within the next 10 years, and possibly even within this cycle. Whether Bitcoin reaches seven figures or not, the next 200 days will be etched in history as some of the most pivotal days for Bitcoin and cryptocurrency.
Both investors and enthusiasts are watching closely, as if Bitcoin were to follow its historical time frame, we may be on the verge of seeing another all-time high.
