As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on how much further the top cryptocurrency might fall before a potential bounce. However, long-term market observers remain confident, emphasizing that short-term price action does not alter their belief in BTC’s eventual rise to a million dollars or more in the coming years. Bitcoin To Reach $1.5 Million By 2035 Cryptocurrency enthusiast Timothy Peterson recently shared his projection on X, predicting that Bitcoin is on track to reach $1.5 million by 2035, based on Metcalfe’s Law. This forecast represents an almost 15-fold increase from its current price over the next decade. For the uninitiated, Metcalfe’s Law states that the value of a network is proportional to the square of the number of its users, meaning as the number of participants grows, the network’s utility and value increase exponentially. In Bitcoin’s context, this suggests that its value rises significantly as more people adopt and use the network. Related Reading: Bitcoin May Rally In Q1 2025 Driven By US Fed’s Money Printing, Predicts Arthur Hayes ..
Support the originator by clicking the read the rest link below.
