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Despite last year's 'crypto winter' and the SEC's inaction on a spot Bitcoin ETF, The Winklevoss Twins still believe that Bitcoin is the trade of the decade, heading to $500,000 per coin soon.
"If you look at the value increases in bitcoin, it is this punctuated equilibrium where it is steady, steady, steady," Cameron Winklevoss told The National earlier this month. "And then boom—it reaches a new price level. That is the new normal. So, it could happen very quickly."
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If Adam Back and Hal Finney's $10 million Bitcoin price prediction were to come true, the BTC market cap would be approximately $200 trillion. Blockstream CEO Adam Back believes Bitcoin price could reach $10 million per coin by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.
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The price of one Bitcoin may reach $1,000,000,000 according to $4.5 trillion asset management giant Fidelity. Jurrien Timmer, the director of Global Macro at Fidelity shares his forecast which employs a combination of BTC models and charts, with a particular focus on the stock-to-flow (S2F) model and his own demand model. These analytical tools formed the foundation of his primary $1 billion BTC price prediction.
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Former MicroStrategy CEO Michael Saylor expects the Bitcoin price to hit $10 million per coin, highlighting an analysis by Croesus, Saylor noted that the crypto analyst had made a compelling case for the $10,000,000 BTC price valuation. MicroStrategy also announced buying $147.3 million worth of Bitcoin and now holds 158,245 BTC on their balance sheet.
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Bitcoin bull Max Keiser predicts the BTC price hitting $1,000,000 per coin by this specific date, outperforming gold by 100x. Max Keiser also recently slammed crypto influencer Ben Armstrong (formerly known as Bitboy Crypto) after raising $80K to fund his legal campaign: "Get Off The Sh*tcoin Crack Pipe As Soon As You Can."
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Crypto bull and Binance CEO CZ (Changpeng Zhao) predicts the Bitcoin price hitting $10,000,000 per BTC, claiming, "If all of them (major institutions) only allocated 1% to Bitcoin we are going to see, I don't know, 1,000x more growth in Bitcoin price. And if they allocate more than 1%, that's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us."
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The number of regulatory requests to offer a spot Bitcoin ETF (exchange-traded fund) coming from a range of institutional financial firms such as BlackRock and Fidelity has led to bullish BTC price speculation and remarkable excitement from the crypto market.
Approval of a spot Bitcoin ETF could unlock $30 trillion from U.S. financial advisors, says Bloomberg analyst Eric Balchunas. BlackRock who recently filed for a spot Bitcoin ETF in the United States, has a track record of 575:1 of getting ETF's approved by the SEC. If approved cryptocurrency experts predict this move could trigger a 60x BTC explosion to $1,500,000 per BTC.
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Strike CEO Jack Mallers predicts the Bitcoin price achieving a valuation of $1,000,000 per coin, while agreeing with Jack Dorsey, thinking of BTC as the currency of the Internet because of the similar properties they retain, "It is a commodity like instrument in its truest and most natural form."
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Crypto investing veteran, Peter Dunworth, says Bitcoin should be worth at least $7 Billion dollars per coin. In an exclusive new interview with Peter McCormack on the What Bitcoin Did podcast he breaks down the math of how he thinks this is possible. "The first valuation framework is simple in that there's $6.3 trillion of global trade that happens on a daily basis, and if you divide $6.3 trillion by the 900 BTC that are minted on the day you get to $7 billion a coin."
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"Bitcoin price will go up another 100x, surpassing $4,000,000 per coin", says PayPal co-founder Peter Thiel, surpassing the market cap of gold while rivaling the value of the entire stock market.
"The central banks are going bankrupt," Peter Thiel says. 'We are at the end of the fiat money regime. I'm still hopeful that Bitcoin will go up by a factor of 100x.'
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