When viewing Bitcoin (CRYPTO: BTC) as an independent asset, it is undeniable that this has been the best-performing asset over the past decade. As of July 7, 2025, the price of Bitcoin has increased by more than 40,550% compared to the same period in 2015 – a figure far exceeding the performance of the stock market, US government bonds, or even gold during the same time frame.

Although no one can say for sure that the "miraculous" increases of the past will repeat in the future, I believe Bitcoin still has a lot of room for growth. In fact, I expect the value of each Bitcoin to reach 1 million US dollars within the next 10 years.

Currently: Bitcoin has become a global asset

Bitcoin has come a long way. From its early days as "nerd money" or an asset only suitable for cypherpunks, Bitcoin has now become a global financial asset with a market cap of nearly 2.2 trillion USD – comparable to the world's leading companies.

One of the biggest risks previously associated with Bitcoin was government intervention, even the possibility of a complete ban. However, that concern is gradually fading. The United States has planned to establish a Strategic Bitcoin Reserve Fund, and the Securities and Exchange Commission (SEC) has officially approved spot Bitcoin ETFs since last year – a clear sign that Bitcoin is not only not being eliminated but is also being officially recognized.

Moreover, more and more large businesses are starting to buy and hold Bitcoin as part of their balance sheet assets. Financial institutions can also now custody Bitcoin for clients without needing to hold additional reserve capital as before. Recently, Bitcoin has even been accepted as collateral for mortgage loans – a significant step in legalizing and applying Bitcoin to real-life scenarios.

Bitcoin has far surpassed its initial role as an experimental project. It has become a serious asset, accepted by both individuals and powerful institutions.

Core factor: Scarcity drives value

The main reason for the significant price increase of Bitcoin over time is the growing awareness of the value of a scarce asset. The supply of Bitcoin is limited to 21 million coins, and the halving mechanism (reducing mining rewards) every 4 years slows down the issuance rate. The most recent halving took place in April 2024, with the next one expected in April 2028.

Meanwhile, governments – especially the United States – continue to spend excessively and print money aggressively. The money supply is ballooning, eroding the value of fiat currencies. In this context, Bitcoin – with its fixed supply – becomes an attractive refuge for investors seeking sustainable value.

The Trump administration recently passed a large fiscal bill (the “big, beautiful bill”) that includes tax cuts, reductions in welfare programs like Medicare and food assistance, but increases in defense spending. According to the Congressional Budget Office (CBO), this law could increase the budget deficit by an additional 3.3 trillion USD over the next 10 years. No matter what politicians promise, the reality shows that spending and public debt will continue to rise – a very favorable condition for Bitcoin.

The path to the milestone of 1 million USD

With all the solid fundamentals currently in place, it is not surprising that I believe the price of Bitcoin will increase by another approximately 900% in the next 10 years, reaching 1 million USD per coin.

Bitcoin is often compared to gold – as both are neutral, scarce, and globally recognized assets. However, the market value of gold is currently at 22.2 trillion USD, approximately 10 times that of Bitcoin. Therefore, it is entirely possible for Bitcoin to catch up or even surpass gold in the future.

Furthermore, Bitcoin has advantages that gold does not:

  • High mobility: can be transferred in just a few minutes over the internet.

  • Divisibility and easy verification: one satoshi is 1 one-hundred-millionth of a Bitcoin.

  • Utility in real transactions: cross-border payments, DeFi, NFTs, etc.

  • In line with the rapidly developing digital economy.

Conclusion

Bitcoin is no longer just a "technology game." It has become a strategic asset in the global financial system. With its clear scarcity, recognized by governments and financial institutions, and a macroeconomic environment that continues to support it, Bitcoin could very well reach 1 million USD in the next decade. And perhaps, that figure may still be modest when considering the long-term context as the world becomes increasingly digital and fiat money loses value.