Burnett, a market research director at Unchained, stated that Bitcoin is still in a long-term bullish cycle. He referred to two models, namely the parallel model and the Bitcoin 24 model by Michael Saylor, which predict that the price of Bitcoin will reach $1.8 million and $2.1 million respectively over the next decade. Burnett described both models as strong fundamental assumptions, noting that the actual price of Bitcoin could exceed these figures depending on broader economic factors.