"If Bitcoin Holds Steady, by 2030…" 'Bold Forecast' Announced

Despite Bitcoin's recent downturn, optimism about its long-term outlook is spreading. As opportunities open up for investing in Bitcoin through U.S. 401(k) retirement plans, expectations are rising for a long-term price increase.

According to the cryptocurrency industry on the 23rd, Bitcoin has fallen by nearly 7% over the past week, dropping to around $113,000. The decline was influenced by U.S. inflation rising more than expected, dampening hopes for interest rate cuts.

However, in the market, optimistic forecasts are emerging that Bitcoin could rise to as much as $1,000,000 in the long term. On the 20th (local time), Brian Armstrong, CEO of Coinbase, projected on X, "Bitcoin will reach $1,000,000 by 2030." As justification, he cited △regulatory clarity △the U.S. government holding and maintaining Bitcoin reserves △growing interest in cryptocurrency ETFs, among others.

On the same day, Eric Trump, the second son of former U.S. President Donald Trump, asserted at the Blockchain Summit in Wyoming, "There is no doubt that Bitcoin will reach $1,000,000." Jack Dorsey, CEO of Block, also predicted, "Bitcoin could reach $1,000,000 by 2030, and there is a possibility it could surge even higher."

Cathie Wood, CEO of ARK Invest, recently raised Bitcoin's 2030 target price to as high as $3,800,000 in a report. CEO Wood pointed to global asset management firms and pension funds increasing their allocations to Bitcoin as the basis for a long-term price rally.

For the end of this year, there are projections that Bitcoin could reach $180,000 to $200,000. Andrei Dragos, Head of European Research at Bitwise, stated, "The inclusion of cryptocurrencies in U.S. 401(k) retirement plans is more important than the approval of the U.S. Bitcoin spot ETF in January of last year," adding, "Bitcoin could rise to $200,000 by the end of this year."

Suhyun Lee, reporter for Bloomingbit.