Despite constant criticism and doubts, Bitcoin indeed managed to break through the $100,000 mark by the end of 2024, as forecasted by analyst under the pseudonym PlanB. He also believes that BTC will reach $1 million in July-December 2025.
Jan3 CEO Samson Mow shares the same opinion. He also expects Bitcoin to reach the price of $1 million next year.
BitMEX co-founder Arthur Hayes is more conservative in terms of timing. He believes that we will see six zeros next to the BTC ticker in a few years.
“I have officially stated many times that I believe Bitcoin will end the year at $100,000. Obviously, we are close to this mark (the interview was two days ago — ed.). Then the next question: where, in my opinion, will Bitcoin be in three, four, five years? The secular trend is to print more money globally. This won’t stop, and therefore I believe that my forecast of Bitcoin reaching $1 million could materialize over the next 5 years,” emphasized the businessman.
Famous trader and investor Michiel van de Poppe stated that the rise of Bitcoin to $1 million over the next few years is entirely possible, but it may be accompanied by a series of negative economic phenomena. The global trend of central banks printing money continues to push asset prices up, but accumulating debt will create risks of a crisis similar to that of 2008. The debt pit may crash prices for all assets in the short term.
“I believe we are on the verge of a perfect storm that could explode next year. But in my opinion, this cycle will be longer and will end around 2026,” he said.
According to van de Poppe, the impact of the Trump administration on Bitcoin will be short-lived and overestimated, as the cryptocurrency depends more on policies than on governments.
MicroStrategy co-founder Michael Saylor made a fantastic (but long-term) assumption that Bitcoin could reach $13 million by 2045.
Recently, forecasts were also made by Pantera Capital and VanEck. The former believe that Bitcoin could reach $740,000 by 2028, and the latter — say about $180,000 by the beginning of 2025.
By the way, famous cryptocurrency critic Peter Schiff stated that Bitcoin reached $100,000 only through the bribery of politicians and a conspiracy with the government (he refers to the bill on creating a Bitcoin reserve in the USA).