When will the price of bitcoin rise to a million
In mid-July, Bitcoin updated its historical maximum of about $123 thousand, after which it rolled back a little – its rate dropped by 3.5%, and the market expects new records. Leading analysts from the industry make loud forecasts, talking about a price of $1 million or more for one coin.
ARK Invest has predicted that Bitcoin will cost between $500,000 and $2.4 million by 2030, depending on market conditions. Renowned computer scientist and Blockstream CEO Adam Back has said that BTC could rise to $500,000 or $1 million in the current four-year cycle. Binance founder Changpeng Zhao has the same opinion, but he is not sure that the cycle will last exactly four years.
According to analysts at Bernstein, the rate will exceed $500,000 by the end of 2029 and reach $1 million by 2033. The author of the bestseller Rich Dad Poor Dad, Robert Kiyosaki, also expects the leading cryptocurrency to grow in price to $1 million in the future.
In the shorter term – until the end of 2025 – experts expect Bitcoin to grow to $200 thousand. Such forecasts are given by the same Bernstein, and Standard Chartered analysts are also confident of this.
Experts interviewed by RBC-Crypto shared their estimates of when Bitcoin could reach $200,000, when $1 million, and also told what goals they are considering for the asset this year.
Not so fast
Co-founder of the ENCRY Foundation Roman Nekrasov
Bitcoin could reach $140,000 in the coming months. This is an achievable goal, especially given the exponential increase in institutional interest in the crypto market.
In the last week alone, the inflow into US spot exchange-traded funds (ETFs) for Bitcoin has exceeded $2.5 billion, and this is despite the fact that pension funds and large insurance companies have not yet fully entered the market. Institutional capital is starting to enter systematically, and this process is gaining momentum.
FOMO (fear of missing out) also remains a powerful psychological factor in the crypto market. It is this factor that can accelerate the movement to $150,000 – especially if Bitcoin breaks through the psychologically important levels of $130,000 and $140,000.
However, such impulses in cryptocurrency traditionally end with a powerful correction. After reaching $150 thousand, a rollback to the $110 thousand -115 thousand zone and a period of consolidation are quite likely.
Levels of $200,000 and above are likely to become achievable within the next bull cycle. Before that, the market usually goes through a “bear power” phase — a correction period that clears the market of speculative overheating.
Based on the cyclicality of Bitcoin and focusing on the next halving in 2028, we can expect a new growth phase to begin 6-9 months before this event – approximately in 2027. This is when the market can lay the foundation for a move to $200 thousand and above.
Halving is a planned and embedded in the cryptocurrency code reduction by half of the reward that a miner receives for his work. Bitcoin halvings occur approximately every four years. The last halving in the Bitcoin network took place in April 2024, since then miners have received 3.125 BTC for adding one block to the blockchain. The next halving is scheduled for spring 2028, when the reward will be reduced to 1.5625 BTC.
“It will take ideal conditions”
Lead Analyst at Bitget Research Ryan Lee
The $150,000 target for Bitcoin in Q3 of this year looks quite achievable. Given the current dynamics of inflows into spot ETFs and the expected rate cut by the Fed, such a scenario is quite reasonable. Institutional demand continues to grow, and limited supply after the April halving last year amplifies the effect of the deficit. All this creates the foundation for a further rally.
A possible growth to 200,000 by the end of 2025 is a much more ambitious forecast. Such growth is possible, but it will require almost ideal conditions: accelerated investment growth by large funds, aggressive easing of monetary policy, and a complete absence of regulatory shocks.
Therefore, such a scenario should be assessed as extremely optimistic rather than baseline. It is realistic to expect these levels no earlier than 2026.
As for the $1 million mark, this is already a question of a long-term forecasting horizon. Such a level is possible if Bitcoin strengthens its position as a global defensive asset against the backdrop of long-term inflation and the systematic introduction of digital assets into institutional portfolios. But this is not a prospect for the next 2-3 years, but rather 5-10 years.
“Cryptocurrency may rise in price nominally”
Managing Partner of VG GROUP Vagiz Nurullov
We have seen Bitcoin break through $120,000 and set a new all-time high. But the market is still affected by uncertainty over trade tariffs and the conflict in the Middle East, which does not allow traders to be in the most relaxed state.
The nervousness is fueled by the movement of huge volumes of bitcoins to exchanges, but today we can safely say that the market is buying up these coins, and miners do not have time to produce the same amount. So the current correction is a local movement that will not have a significant impact on the market in the long term.
If the trend of corporate investors buying Bitcoin continues, we will see a supply shock and the price could reach $140-160 thousand per coin this year.
The exchange rate is also affected by the value of the dollar, the cryptocurrency may simply rise in price nominally, not in reality, due to the huge emission of the American currency. We will indeed see Bitcoin for $200 thousand and for $1 million in the long term, but it is important to understand how much will a Big Mac cost at McDonald's in New York then? $50?
Источник: cryptocurrency.tech
