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.
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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.
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While the efficacy of the report has not been admitted by the Indian government, what it shows is Bitcoin's increasing popularity at the upper echelons of the government. However, the significant tax levied on the capital gains from Bitcoin and other VDAs is largely considered counterproductive in this aspect. We must understand that India's economic strategy to become a developed nation by 2047, or the goal of Viksit Bharat, is a multilayered strategy. While Bitcoin is not included in the ongoing cohort, its rising popularity and governmental agencies like SEBI and RBI having strong opinions on the asset means it may have a role to play in the future, given that regulations or frameworks are established in a universally accepted means. This does not mean that India may create a Bitcoin strategic reserve, or use it as legal tender like El Salvador, but in a larger context that benefits the country's bid to become a developed nation. 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