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30 May 2024
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Ethereum

Bitcoin: Can BTC Hit $1 Million Per Coin By 2034?

Bitcoin (BTC) has been among the best-performing assets of the last decade-and-a-half. The original cryptocurrency has surged from below $1 in 2010 to over $73,000 in 2024, a rise of over 14,000,000% (over 14 million percent). Furthermore, BTC continues to grow in adoption and price. Financial institution giants, such as BlackRock and VanEck, have also opened their doors to the digital currency.

BTC’s stellar performance has opened the debate of whether it can eventually hit $1 million per coin by the end of this decade. Many analysts seem to agree with the forecast. According to renowned crypto analyst Willy Woo, Bitcoin (BTC) will “easily” hit $1 million in the next ten years by 2034.

Also Read: Will Precious Metals Rally Outpace Bitcoin? This Economist Thinks So!

If BTC hits $1 million, it will have a massive impact on a global scale. The analyst believes that the original cryptocurrency will become a reserve currency due to a purge of central bank corruption. Woo also notes that wars will become more expensive while young leaders will build a future they want to live in.

Will Bitcoin (BTC) hit $1 million by the end of the decade?

bitcoin btc us dollar cryptocurrency usd
Source: Shutterstock / In Green, modified by Blockworks

According to Changelly, BTC will breach the $1 million mark in 2031. The platform predicts a maximum price of $1,309,556.03 in 2031, a rise of about 1992% from current levels. Furthermore, Changelly anticipates BTC to surpass the $2 million mark in 2033, hitting a maximum price of $2,724,386.53 for the year.

Also Read: Bitcoin: Stablecoins Coming to BTC Network Via Lightning Labs

Telegaon, on the other hand, is not as bullish on Bitcoin (BTC) as Changelly. The platform does not expect BTC to breach the $1 million mark till at least 2050, about 26 years from now. The platform predicts BTC to hit $384,504.82 in 2030, a rise of about 514.5% from current levels.

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