Hunter Horsley from Bitwise just dropped a bold prediction, and told that Bitcoin could skyrocket to $1 million.
In a chat on February 17, he shared his optimistic views about Bitcoin’s future, saying he sees more reasons for its rise than for its fall.
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Predictions are everywhere
Now, you might be wondering what’s holding Bitcoin back from becoming the next big thing. Investor Fred Krueger chimed in with a common concern, the scaling.
What's the current best argument for why Bitcoin isn't going to be widely adopted and go to $1M?
I see more and more evidence of why it will, and less and less of why it won't.
— Hunter Horsley (@HHorsley) February 17, 2025
He pointed out that Bitcoin can be wrapped to play nice with other systems. Horsley agreed, noting that exchange-traded funds act like wrappers that make trading easier and help integrate Bitcoin into traditional finance.
So, what does Horsley foresee for Bitcoin in 2025? He predicts a huge jump in spot Bitcoin ETFs, which have already raked in a quite impressive $40 billion since their launch just over a year ago.
Game theory
Horsley believes corporations and even countries will jump on the Bitcoin bandwagon. In fact, 22 states in the U.S. are already working on laws to let their treasuries invest in Bitcoin.
Imagine your state buying Bitcoin, how wild is that? It was a pure theoretical idea just a few years back.
Wealth management firms are also expected to start buying Bitcoin for their clients, while banks will roll out services to help people get their hands on it.
With regulators stepping up to provide some productive clarity, and global events pushing the need for Bitcoin, Horsley thinks we’re indeed on the brink of something huge. He boldly declared that 2025 will be a watershed year for Bitcoin.
Market demand
Mark Moss, another investor and educator, echoed this sentiment, and noted that this cycle feels different from previous ones, thanks to growing ETF demand and institutional buyers buying up Bitcoin like it’s going out of style.
“New money is absorbing supply at scale.”
Right now, it looks like Bitcoin is struggling to break past the $100,000 level and just dipped below $96,000 after losing 1.5% from its weekend highs.
While volatility has calmed down, analysts are keeping a close eye on whether it can hold its ground. So, will we see that million-dollar Bitcoin? No one knows, but many would.
