Bitcoin (BTC) continues to command significant attention in high finance, with leading experts predicting an unprecedented surge in its valuation in the coming years. Despite a recent stabilization near $117,000 after touching a fresh all-time high of $122,000, influential voices in the financial world remain undeterred, reiterating their ultra-bullish long-term price targets.
One of the most vocal proponents is Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors. In a recent interview, Lee reaffirmed his conviction that Bitcoin could ultimately reach $1 million, and even as high as $3 million, in the long term. He framed Bitcoin as the digital equivalent of gold, serving as a form of financial trust in an increasingly turbulent monetary environment. Given gold's current market capitalization hovering around $23 trillion, Lee believes that Bitcoin matching that value is not merely aspirational but entirely plausible, citing its fixed supply and rapidly expanding investor interest. For Lee, the emergence of new business models built on the Bitcoin network will only accelerate this projected valuation climb. He further notes that Bitcoin's current market cap is around $2.3 trillion.
This sentiment is strongly echoed by investor and MythOfMoney author Tatiana Koffman. Appearing on Schwab Network, Koffman highlighted the recently passed Bitcoin Act – legislation designed to enable the U.S. government to build BTC reserves – as a powerful long-term tailwind. She envisions a scenario where, if the U.S. government were to acquire 200,000 BTC annually, the resulting scarcity would propel the asset toward the $1 million mark. Koffman also anticipates this strategy being mirrored globally, as other governments and corporations increasingly consider Bitcoin for their treasury management.
The common thread underpinning both these audacious forecasts is supply-side economics. With a hard-coded maximum supply of just 21 million BTC, a dramatic increase in institutional demand, particularly from sovereign actors, could severely reduce the available supply on the open market, inevitably driving prices significantly higher. While critics may still view these projections as overly ambitious, the growing policy support, combined with Bitcoin's evolving role as a strategic and scarce asset, suggests that such long-term price targets may not be as far-fetched as they once seemed.
July 2025, Cryptoniteuae