Despite Bitcoin’s current market slump, some industry leaders express optimism that the world’s top cryptocurrency might rebound and eventually hit $2 million in a short timespan, driven by institutional adoption, regulatory shifts, and inflationary pressures.
“Bitcoin’s trajectory has consistently defied expectations, and while a $2 million price by 2030 is an aggressive target, it’s not outside the realm of possibility,” Dr. Arman Meguerian, CEO of Bitcoin investment platform Timestamp, told TheStreet Crypto.
Proponents argue that increasing regulatory clarity in the U.S. and Bitcoin’s role as a global store of value make the price jump increasingly likely.
Jagdeep Sidhu, president of the Syscoin Foundation, envisions Bitcoin becoming the backbone of global finance: “It would absorb trillions in value as weaker assets disappear,” Sidhu tells TheStreet Crypto.
The Institutional Bet on Bitcoin
“Bitcoin’s potential path to $2 million by 2030 is fueled by positive regulatory changes, institutional adoption, and its track record as one of the best-performing assets of the past decade,” CoinFlip CEO Ben Weiss tells TheStreet Crypto. “With spot ETFs [exchange-traded funds] unlocking new capital and governments shifting toward regulation over restriction, Bitcoin is on the way to becoming a mainstream investment.”
Major financial institutions have steadily widened their exposure to Bitcoin in the past year. The approval of spot Bitcoin ETFs last year has also mobilized new capital into the market, with firms like BlackRock and Fidelity leading the way.
“As inflation erodes the dollar’s value over time, price levels that seem unfathomable today may one day be inevitable,” says Justin Barlow, Head of Business Development and Investments at Sei Foundation.
If Bitcoin captures even a fraction of gold’s market cap, seven-figure prices are a strong possibility in the future, some industry observers say.
“Bitcoin, as digital gold, could potentially reach gold’s market capitalization within the next decade,” Youwei Yang, Chief Economist at BIT Mining, tells TheStreet Crypto. “With gold valued at approximately $20 trillion and Bitcoin currently around $2 trillion, this suggests a possible 10x increase in Bitcoin’s value, bringing it to around $1 million per coin.”
“Bitcoin at its core is all about scarcity,” Chris Kline, co-founder of BitcoinIRA, tells TheStreet Crypto. “Only 21 million [Bitcoin] will ever exist, and 19.5 million are already accounted for. Given its extreme relative scarcity against fiat money and the challenges ahead for nation-states struggling with monetary expansion, a $2 million Bitcoin isn’t outlandish.”
Story Continues
