Bitcoin (BTC) Price Could Rally to $1 Million by the End of the Decade, Driven by Rising Inflation and Mounting Global Debt

Some of the world’s most prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that could send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt.

Some of the world’s most prominent financial commentators and investment analysts are predicting a long-term Bitcoin (BTC) rally that could send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt.

ARK Invest CEO Cathie Wood said Bitcoin could reach $1.5 million by 2030 in her firm’s “Bull Case” forecast. In a Feb. 11 video, Wood said the price would require BTC to grow at a compound annual rate of 58% over the next five years, largely fueled by increased institutional adoption.

“We’re tying it to the Build Back Better Act, which we believe will be passed this year, and we’re assuming that they'll keep extending the acts over the next five years,” said Wood.

According to ARK Invest's calculations, the Build Back Better Act could increase the demand for Bitcoin, especially among institutions, ultimately leading to a price of $1,493,408 by 2028.

However, to reach such price levels, Bitcoin would need to grow at a 58% compound annual rate over the next five years, and for the Build Back Better Act to be passed each year, which seems unlikely.

Earlier this year, Robert Kiyosaki, a popular financial educator and the author of Rich Dad, Poor Dad, predicted a more modest Bitcoin price of $1 million.

“I strongly believe, by 2035, that one Bitcoin will be over $ 1 million, Gold will be $30,000, and silver $3,000 a coin,” Kiyosaki wrote in an April 18 X post, citing the record US federal and credit card debt in 2025 as the main driver for safe-haven assets such as precious metals and Bitcoin.

The rising fiscal debt may lead to the “biggest stock market crash in history,” which could make investors “very rich” if they hedged by investing in “just one Bitcoin, or some gold, or silver.”

Other analysts, including Raoul Pal, have pointed to fiat currency debasement as a key reason behind Bitcoin’s appeal as a hedge.

In December 2024, Eric Trump, the son of US President Donald Trump and the executive vice president of the Trump Organization, also predicted that Bitcoin would hit $1 million, citing its potential to “transform the global economy in beautiful ways.”

While these predictions are bold, they are also based on sound financial analysis. With Bitcoin's price already up over 100% in 2024, it remains to be seen whether it can continue on this trajectory for another six years.

As Bitcoin’s price action historically moves in $16,000 price increments, according to 10x Research’s CEO and head of research, Markus Thielen.

Speaking during the Chain Reaction daily X spaces show on May 22, Thielen said that based on the latest price action, this signals that Bitcoin’s next significant resistance is now near $122,000.

“Open interest is high, but the funding rate is low, which I think indicates that, you know, people try to short this rally,” said Thielen, adding that $122,000 remains the next significant price target to confirm the continuation of Bitcoin’s rally.

According to Bitwise’s head of European research, André Dragosch, Bitcoin may extend its rally to a price top of over $200,000 by the end of 2025.

“Greg Foss, the Canadian Bitcoiner, has put forth a model that can value Bitcoin based on a basket of G20 sovereign bonds,” Dragosch said, adding: “The model, which is being shared on X, arrives at a price target of over $200,000 for Bitcoin by year-end 2025.”

Dragosch added that growing concerns over sovereign credit risk and institutional inflows could be the catalyst for Bitcoin’s next rally.