Experts Predict Bitcoin Price Could Soar to $1.5 Million by 2030 Due to Supply Shocks, Institutional Adoption, and SEC Approval
• Industry experts predict Bitcoin price could reach between $100,000 to $1.5 million based on factors like SEC approval of Bitcoin ETFs, impending supply shock from 2024 halving event, and growing institutional adoption.
• Anthony Scaramucci predicts $100,000 Bitcoin price within a year, comparing potential impact of Bitcoin ETF approval to 2004 gold ETF.
• Michael Saylor believes 2024 Bitcoin halving could create supply shock leading to soaring valuation. Tim Draper predicts $250,000 by July 2024.
• Tom Lee forecasts short-term $150,000 and long-term $500,000 Bitcoin price driven by fixed supply and anticipated demand surge.
• Ark Invest's Cathie Wood presents most ambitious prediction of $1.5 million Bitcoin by 2030 in bull case scenario, citing major institutional investments.