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Bitcoin price to hit $917,000 by next cycle from combined institutional predictions Liam 'Akiba' Wright · 12 mins ago · 3 min read
Looking at all institutional Bitcoin predictions being made right now.
3 min read
Updated: Jul. 21, 2025 at 12:33 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Following a new all-time high in dollars, Bitcoin price predictions are flooding in alongside diverging institutional theses, ranging from macro-driven valuations to long-tail adoption models.
A wave of bold projections from six to nine figures with disparate assumptions underpinning each outlook.
With predictions varying across time frames from this year to 2030, the table below shows a breakdown of the average Bitcoin price targets currently being forecast.
| Average | $917,857 |
| Median | $600,000 |
| Standard Deviation | $738,086 |
| Minimum | $200,000 |
| Maximum | $2,400,000 |
ARK Invest CEO Cathie Wood recently reiterated her thesis that Bitcoin could reach $2.4 million by the decade’s end. Wood cited growing institutional demand and BTC’s monetary properties as foundational to ARK’s model. While the $2.4 million target represents the upper band, ARK has previously outlined a range starting in the low six figures, with a $1.5 million milestone for 2027.
Wood’s forecasts are based partly on modeling Bitcoin as a reserve asset replacing allocations to gold and specific sovereign debt instruments, contingent on accelerating institutional flows.
Financial advisor Ric Edelman, whose firm DACFP advocates for crypto education among fiduciaries, offered a comparatively moderate $500,000 target by 2030. Edelman framed the target within a 10-40% portfolio allocation to digital assets, positioning Bitcoin as a long-duration asset in a world of declining fiat confidence. While his range is narrower than Wood’s, it is similarly predicated on rising institutional allocation and constrained supply mechanics.
MicroStrategy founder Michael Saylor, a persistent advocate for institutional Bitcoin exposure, reaffirmed his long-held belief that passive capital reallocations alone could drive Bitcoin past $1 million. This month, Saylor emphasized the scale of allocators entering ETF channels, which he characterized as irreversible demand flows. This view treats Bitcoin as an apex monetary asset attracting capital in flight from inflation-hedging instruments.
BlackRock CEO Larry Fink provided a looser band, offering a projected price window between $500,000 and $700,000 without anchoring to a specific timeframe. Fink’s comments align with BlackRock’s positioning in the ETF market and reflect confidence in regulatory clarity and institutional integration. Fink’s range assumes gradual accumulation of Bitcoin as a treasury or reserve asset, enabled by frictionless financial products.
Bank-led projections have trended toward shorter-term outlooks. Standard Chartered’s head of FX and digital assets, Geoff Kendrick, issued a target of $200,000 by the end of 2025. The thesis is grounded in ETF flow momentum, halving forces, and macro hedge demand. Similarly, Bernstein analysts raised their 2025 target to $200,000, citing robust ETF inflows. Both forecasts anchor to post-ETF regime trends and treat 2024’s halving as a catalyst rather than a lagging event.
On the more extreme end, Fidelity last year projected a $1 billion valuation per coin by 2038. This extreme target is grounded in network adoption curve analogies, positioning Bitcoin as a potential base-layer financial system and framing the projection as a function of exponential adoption and monetary network effects. The $1 billion thesis reflects a far-end macro transformation scenario rather than a cyclical valuation.
| ARK Invest (Cathie Wood) | $2,400,000 | 2030 | Upper-bound projection based on Bitcoin replacing gold and sovereign debt |
| ARK Invest (Cathie Wood) | $1,500,000 | 2027 | Mid-range forecast mentioned in prior ARK models |
| Ric Edelman | $500,000 | 2030 | Aligned with 10–40% crypto allocation for fiduciaries |
| Fidelity | $1,000,000,000 | 2038 | Based on exponential adoption and network effects |
| Michael Saylor | $1,000,000+ | Unspecified | Tied to passive institutional flows into ETFs |
| Larry Fink (BlackRock) | $500,000–$700,000 | Unspecified | Linked to Bitcoin’s role in long-term portfolio construction |
| Standard Chartered (Geoff Kendrick) | $200,000 | 2025 | Short-term thesis based on ETF momentum and halving |
| Bernstein (Chhugani, Sapra) | $200,000 | 2025 | Driven by ETF inflows post-halving |
Despite stark differences in scale and timing, the shared denominator across all forecasts is the institutional reframing of Bitcoin’s role in diversified portfolios. Whether as a long-term hedge, macro reserve, or internet-native monetary base, the narrative shaping forward price targets continues to be dominated by capital flow models and network entrenchment rather than retail speculation or hype cycles.
Each projection reflects a different hypothesis on monetary reconfiguration, and none are immune to regime shifts in regulation, macro policy, or technology. Still, the volume and intensity of public institutional forecasts reflect an increasingly codified role for Bitcoin within long-term capital frameworks.
* Does not include $1 billion Hyperbitcoinization target from Fidelity.
