Bitcoin (BTC) is currently trading around $109k with a 0.29% decrease over the past 24 hours. Short-term forecasts suggest a rise to $110k by tomorrow. In the mid-term, projections estimate BTC could reach $147,656 by August 2025—about 58.68% above current levels. However, when it comes to long-term predictions, expectations are far more ambitious.
Many analysts and Bitcoin maximalists believe BTC could reach at least $1 million by 2030, driven by a combination of factors: limited supply, increasing institutional adoption, global economic instability, and the continued erosion of fiat currencies. With only 21 million BTC ever to exist—and millions already lost—scarcity is intensifying.
Institutional interest is accelerating. Bitcoin ETFs attracted $1.05 billion in inflows just last week. Mining companies like Gryphon Digital Mining are surging, with a 442% gain in one month. The 2024 halving reduced block rewards to 3.125 BTC, reinforcing the scarcity narrative.
Still, short-term risks exist. Technical patterns hint at a possible correction down to $100,000. Profit-taking has already removed $11 billion from the market in the last surge.
In summary, Bitcoin's near-term potential is strong, but the real story lies in the long term. As traditional finance struggles and Bitcoin adoption grows, a seven-figure BTC isn’t just a dream—it’s becoming a widely discussed scenario among top crypto thinkers.