After Bitcoin (BTC) has just hit its new all-time high (ATH), its price has returned to the focus and many are wondering whether it has reached its plateau or it will continue growing, perhaps even reaching seven figures and beyond.
Specifically, Bitcoin has recently surpassed $111,000 per wholecoin, bringing its market capitalization to a whopping $2.21 trillion in an industry that is currently worth $3.49 trillion in total, according to the latest CoinMarketCap data retrieved by Techgaged on May 22.
Despite its already high price, many believe that the flagship decentralized finance (DeFi) asset isn’t done with increases, with Joe Burnett, Director of Market Research at Unchained, arguing it could hit as much as $250,000 by the end of 2025 in a recent Cointelegraph Chain Reaction show on X.
Bitcoin price could hit millions
As he explained, citing improving macroeconomic conditions that could trigger a substantial rally, referring to Bitcoin as the “fastest horse” in the cryptocurrency market race:
“I definitely would not be surprised at all to see $200,000 Bitcoin or $250,000 Bitcoin this year. (…) Looking at the current macro setup for Bitcoin, global M2 is starting to break out, the VIX hit a recent all-time high that we didn’t see since literally March 2020 and before that December 2008.”
At the same time, he envisions Bitcoin’s price reaching $1 million by 2023, supported by his fundamental analysis of the maiden crypto asset’s advantages over traditional stores of value like gold, stressing that the “gold-Bitcoin parity right not is like over $1,000,000 per Bitcoin,” which is “over a 10x at this point.”
“And arguably, in my opinion, Bitcoin is significantly better than gold. It’s multiples or magnitudes better than gold itself because it’s perfectly scarce and it can be teleported over the internet.”
At the same time, among the most optimistic predictions for the future Bitcoin price are those of Cathie Wood’s billion-dollar asset manager ARK Invest, which has set the target at a very high $2.4 million by 2030, up from her previous prediction of $1.5 million.
Then there’s Robert Kiyosaki, a popular investor, entrepreneur, finance educator, and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ who sees Bitcoin at $1 million by 2035, pointing out the flaws and trends in traditional finances.
All things considered, they may well be correct in their prognoses, as Bitcoin has continued to rise in value ever since the first recorded commercial transaction using BTC (which was exactly 15 years ago to this day and marked as the ‘Bitcoin Pizza Day’), save for a few hiccups along the way.
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