How high can Bitcoin go? $200,000, $500,000, $1 million—or even higher?

Bitcoin (BTC) on Thursday hit an all-time high of $111,862.98, gaining 3.3% in a single day and edging close to the psychological $112,000 mark. But according to industry experts, this may just be the beginning—with some predicting BTC could reach $200,000, $500,000, or even higher in the coming years.

Adam Back, Blockstream CEO
Renowned Bitcoin developer and Blockstream CEO Adam Back believes BTC could soar to $500,000 to $1 million in this cycle. He told Decrypt that current prices are “surprisingly low” considering the post-halving environment and significant institutional involvement. “A new all-time high could quickly become much higher,” he said.

Standard Chartered: $200,000 in 2025, $500,000 by 2029
British banking giant Standard Chartered is also bullish. Geoffrey Kendrick, the bank’s Global Head of Digital Assets Research, expects Bitcoin to hit $200,000 by the end of 2025, citing a shift away from U.S. assets as investors seek non-sovereign stores of value. Looking further ahead, Kendrick projects $500,000 by 2029, when former President Trump’s next term is expected to end.

Bernstein: $200,000 in This Bull Run
Investment firm Bernstein forecasts Bitcoin reaching $200,000 during the current bull run, driven by institutional inflows. Analysts say up to $330 billion could be invested in BTC over the next five years. “The Bitcoin genie is out of the bottle,” they stated, emphasizing the irreversibility of growing institutional interest.Arthur Hayes: $150,000 in 2025
Former BitMEX CEO Arthur Hayes predicts $150,000 by the end of 2025, arguing that global capital will flee traditional assets amid aggressive central bank money printing. “Bitcoin is the only lifeboat,” he wrote in a recent blog.

Tim Draper: $250,000 by End of 2025
Venture capitalist Tim Draper expects BTC to reach $250,000 by late 2025. He criticized companies not holding BTC as being “irresponsible” and noted Bitcoin’s increasing gravitational pull on global capital.

Larry Fink: $700,000—Eventually
BlackRock CEO Larry Fink, whose firm launched the iShares Bitcoin Trust, suggested BTC could eventually hit $700,000, especially as sovereign wealth funds allocate even a small portion of their assets to crypto.

Brian Armstrong: Multi-Million Dollar Future
Coinbase CEO Brian Armstrong envisions Bitcoin reaching multiple millions in the long term, driven by nation-state adoption. However, he cautioned that BTC still has a long journey ahead before hitting those heights.