How Far Would the Price of Solana Go If Bitcoin Reaches One Million Dollars?
May 5, 2025, 15:51 GMT - 52 minutes of reading
SOLUSD +1.99%
The recovery of Solana's price found considerable resistance at $156 as confidence in the cryptocurrency market decreases. However, the long-term outlook for SOL's price is likely bullish, as major analysts remain optimistic about Bitcoin.
Some experts believe that the value of BTC will exceed one million dollars in the long term. This rise would benefit Solana and major altcoins.
This article explores the potential price of Solana if Bitcoin reaches one million dollars.
Target price for Solana (SOL) if Bitcoin (BTC) reaches one million dollars
As mentioned earlier, the strengthening of the bullish momentum of the leading cryptocurrency could boost Solana's price. Some prominent analysts predict that BTC could reach one million dollars or more in the next five years:
Cathie Wood from ARK Invest expects BTC to reach $2.4 million by 2030. Arthur Hayes and Robert Kiyosaki foresee one million dollars per BTC by 2028. On the other hand, Larry Fink from BlackRock forecasts a conservative target of $700,000 per BTC in the long term.
While the targets for Bitcoin (BTC) are ambitious, they are not unlikely. Therefore, it is possible that Solana could outperform BTC in the long term. In fact, the chart below shows that SOL's performance since 2023 has outpaced Bitcoin by a factor of 2.3, despite the setback from FTX.
If Bitcoin reaches the optimistic targets of $700,000 to $2.4 million per BTC, it would not be surprising to expect Solana to multiply its current price by ten and reach $1450.
This would make the price forecast for Solana extremely bullish and elevate SOL's market capitalization to $750 billion, surpassing Ethereum's value in 2021.
