How high can Bitcoin go? $200,000, $500,000, $1 million—or even higher?
Bitcoin has reached a new high. Experts predict further price increases. Adam Back suggests a rise to $500,000 or even $1 million. Standard Chartered forecasts $200,000 by 2025 and $500,000 by 2029. Bernstein anticipates $200,000 during this bull run. Other predictions range from $150,000 to multi-millions. Experts cite institutional investment and global capital flight as drivers.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Bitcoin (BTC) on Thursday hit an all-time high of $111,862.98, gaining 3.3% in a single day and edging close to the psychological $112,000 mark. But according to industry experts, this may just be the beginning—with some predicting BTC could reach $200,000, $500,000, or even higher in the coming years.Adam Back, Blockstream CEORenowned Bitcoin developer and Blockstream CEO Adam Back believes BTC could soar to $500,000 to $1 million in this cycle. He told Decrypt that current prices are "surprisingly low" considering the post-halving environment and significant institutional involvement. "A new all-time high could quickly become much higher," he said.Standard Chartered: $200,000 in 2025, $500,000 by 2029British banking giant Standard Chartered is also bullish. Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, expects Bitcoin to hit $200,000 by the end of 2025, citing a shift away from U.S. assets as investors seek non-sovereign stores of value. Looking further ahead, Kendrick projects $500,000 by 2029, when former President Trump's next term is expected to end.Bernstein: $200,000 in This Bull RunInvestment firm Bernstein forecasts Bitcoin reaching $200,000 during the current bull run, driven by institutional inflows. Analysts say up to $330 billion could be invested in BTC over the next five years. "The Bitcoin genie is out of the bottle," they stated, emphasizing the irreversibility of growing institutional interest.Arthur Hayes: $150,000 in 2025Former BitMEX CEO Arthur Hayes predicts $150,000 by the end of 2025, arguing that global capital will flee traditional assets amid aggressive central bank money printing. 'Bitcoin is the only lifeboat,' he wrote in a recent blog.Tim Draper: $250,000 by End of 2025Venture capitalist Tim Draper expects BTC to reach $250,000 by late 2025. He criticized companies not holding BTC as being 'irresponsible' and noted Bitcoin's increasing gravitational pull on global capital.Larry Fink: $700,000—EventuallyBlackRock CEO Larry Fink, whose firm launched the iShares Bitcoin Trust, suggested BTC could eventually hit $700,000, especially as sovereign wealth funds allocate even a small portion of their assets to crypto.Brian Armstrong: Multi-Million Dollar FutureCoinbase CEO Brian Armstrong envisions Bitcoin reaching multiple millions in the long term, driven by nation-state adoption. However, he cautioned that BTC still has a long journey ahead before hitting those heights.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 hours ago
- Time of India
Only 3 of 6 firms participate in plastic deposit scheme tender
Panaji: Only 50% of the total companies that showed interest in becoming the 'system operator' to implement govt's Deposit Refund Scheme (DRS) for non-biodegradable materials, ultimately participated in the tender. Six companies showed interest at the pre-bid meeting, but only three submitted their tender to become a system operator. Keen on becoming the first state in the country to implement DRS, state govt has decided to appoint a system operator to implement the scheme. Under DRS, a non-biodegradable product is purchased in the state, the consumer must pay an additional fee for that product that will be refunded when the product's packaging is returned at a collection point. This initiative aims to protect the environment, reduce the load on oceans and forest ecosystems, and result in cleaner beaches. The system operator will be responsible for setting up an efficient, consumer-friendly, and easy-to-access network of collection points. Govt had floated an expression of interest to appoint a system operator to implement the DRS. The system operator will work on developing and implementing the DRS for an initial period of 10 years, which can be extended for an additional five years with mutual agreement, subject to successful implementation and objective fulfilment of the DRS. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo A 'DRS product' refers to non-biodegradable material specified in the Schedule of the Goa Non-Biodegradable Garbage (Control) Act. DRS products include multi-layered plastics used for packing commodities intended for sale in Goa. Over 300 automated collection machines will be set up across the state for the collection of non-biodegradable material based on consumer and tourist footfall. A senior govt official said the system operator for the implementation of the DRS must establish at least these many automated collection machines across collection points. 'At least one automated collection machine must be set up in each panchayat area and class C urban local bodies (ULBs), and at least five in each class A and class B municipal area. Further, within one year from the commencement date, the system operator shall ensure that the number of automated machines is increased to at least 400, and within two years of the commencement date, to at least 500,' the official said.
Time of India
6 hours ago
- Time of India
Bitcoin vs US dollar comparison: Elon Musk backer Tim Draper says Bitcoin will rule retail — dollar's days may be numbered, he warns
Tim Draper's Prediction About Bitcoin The dollar is going extinct. People will rush to spend it as it loses will soon prefer Bitcoin. And when they do, that's when people will start spending Bitcoin. Tim Draper (@TimDraper) May 31, 2025 US Dollar Under Pressure ADVERTISEMENT Bitcoin Surges It is the dollar that is volatile as it slowly becomes worth less and less. One bitcoin is worth one bitcoin. The dollar drops about 50% per year or more against bitcoin.— Tim Draper (@TimDraper) June 2, 2025 FAQs ADVERTISEMENT Billionaire venture capitalist Tim Draper, who invested in Tesla and SpaceX when they were just starting out, is ringing the alarm on the future of the US dollar and putting his bet on Bitcoin to become even more dominant compared to the US dollar, as per a fund manager warned in a social media X (previously Twitter) post, "The dollar is going extinct," adding, "People will rush to spend it as it loses value. Retailers will soon prefer Bitcoin. And when they do, that's when people will start spending Bitcoin," as per his X has been an outspoken Bitcoin supporter for a long time and has invested in some of the biggest crypto players, including Coinbase and Robinhood, according to The Street. His recent comments are based on an increasing conviction among crypto believers that Bitcoin is safer than the US READ: Bitcoin creator Satoshi Nakamoto may soon be richer than Warren Buffett, and Zuckerberg could be next While his warning may sound too dramatic, it comes at a time when the US dollar index (DXY), which measures the value of the dollar relative to a basket of foreign currencies, was at 98.69 as of June 3, reported The to the report, the index has been facing trouble staying above the 100 level since US president Donald Trump started the tariff war on April Bitcoin reached its all time high price of $111,970.17 on May 22, even though the coin suffered due to the tariff war, as per The Street. According to Kraken's price feed data, Bitcoin was trading at $104,363.12 as of June 3, reported The also wrote in response to a comment on X, "It is the dollar that is volatile as it slowly becomes worth less and less. One bitcoin is worth one bitcoin. The dollar drops about 50% per year or more against bitcoin," as per his X has dropped to 98.69 and has been struggling to stay above 100 since April 2 due to trade he has invested in Coinbase, Robinhood, and other major crypto platforms, as per The Street.
Time of India
7 hours ago
- Time of India
Big task ahead for Elon Musk: After Canada, Germany, and most of Europe, Tesla sales now tank in Sweden
Tesla's sales are plummeting in Sweden, experiencing a significant 53.7% drop in May, adding to its European decline attributed to consumer backlash against Elon Musk and a prolonged labor strike. The ongoing labor dispute, now Sweden's longest in 80 years, further damages Tesla's reputation. Tired of too many ads? Remove Ads Tesla's Sales Plunge in Sweden Ongoing Labor Strike Adds to Tesla's Challenges Tired of too many ads? Remove Ads Wider European Decline for Tesla Chinese Rival BYD Surging Ahead FAQs Tesla's sales have now fallen even in Sweden after the EV giant suffered poor sales in Canada, Germany, and most of Europe because of broader backlash against Tesla CEO Elon Musk 's behaviour and political affiliations, as per a per the registration data provided by Mobility Sweden, which is a trade association for automakers and importers, the EV maker's sales in the country dropped by 53.7% in May compared to the same period last year, totalling just 503 vehicles, reported in April, Tesla's sales in Sweden had dropped even more to 80.7% year-over-year to just 81 vehicles, which was the lowest since October 2022, as per READ: Elon Musk backer Tim Draper says Bitcoin will rule retail — dollar's days may be numbered, he warns The company is also facing additional challenges due to an ongoing labour dispute in Sweden, according to the report. The mechanics affiliated with the IF Metall trade union had started a strike in October 2023 after the EV maker had rejected to sign a collective bargaining agreement, as per The then, the strike has become Sweden's longest-running labour conflict in over 80 years, with public sentiment remaining strongly on the workers' side, making Tesla's image worse in the country, according to the across Europe, Tesla's regional sales between January and April had dropped by about 40% year over year, as per CNBC. In just April, Tesla was able to sell only 7,261 vehicles in Europe, even though the battery-electric vehicle sales overall were increasing by over 33%, DailyBeast reported, citing the European Automobile Manufacturers' during the same period, Chinese EV manufacturer BYD's sales rose, according to the report. As per the data provided by JATO Dynamics, European sales of BYD vehicles, which are not available for purchase in the United States, increased 359%, reported due to a combination of consumer backlash against Elon Musk and an ongoing labor a Chinese EV brand, is gaining traction fast, with a 359% increase in European sales, as per DailyBeast.
