Bitcoin Price Prediction: $1 Million by 2029? What Experts Say

Bitwise’s European Research Director André Dragosch predicts that Bitcoin could reach a value of $1 million by 2029, potentially surpassing gold’s current market capitalization. Dragosch’s analysis projects Bitcoin’s target price to be around $200,000 in the 2025 cycle, with potential for even higher prices if the US government adopts a ‘budget-neutral’ strategy involving direct Bitcoin allocation. This could push the price up to $500,000. Furthermore, the success of the U.S.’s first spot Bitcoin ETF from BlackRock’s IBIT has exceeded expectations, with record-breaking growth, fueling structural capital inflows and strengthening Bitcoin’s overall trajectory.