Burnett, market research director at Unchained, stated that Bitcoin is still in a long-term bullish cycle. He pointed to two models, the parallel model and the Bitcoin 24 model by Michael Saylor, which predict that the price of Bitcoin will reach 1.8 million US dollars and 2.1 million US dollars 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.