Bitcoin Price Prediction: $1 Million in 5 Years?
Most analysts and investors are bullish on BTC and long-term price targets, as unreliable as they may be, often go into seven digits.
Analysis from Bloomberg Intelligence, for example, sets Bitcoin forecast 2025 at $100,000 as most measures of demand and adoption support an upward trajectory for BTC.
Most analysts and investors are bullish on BTC and long-term price targets, as unreliable as they may be, often go into seven digits.
Analysis from Bloomberg Intelligence, for example, sets Bitcoin forecast 2025 at $100,000 as most measures of demand and adoption support an upward trajectory for BTC.
Bloomberg also cites the digital gold narrative and potential inflow of institutional capital as factors driving prices higher. They expect a Bitcoin ETF to eventually be launched in the US, making it easier for institutional investors to allocate money to the asset. They believe that “something significant needs to go wrong to reverse Bitcoin adoption and price appreciation”.
Jason Williams, a partner at a digital asset investment fund Morgan Creek Digital, expects BTC to “hit $1-3 million in the next five years,” powered by the scarcity narrative and increasing allocation from corporate treasuries. Plan B’s stock-to-flow valuation model also suggests that $1m BTC is possible in the long term.
Source: capital.com; bloomberg.com
