Pundit With Accurate 2024 Calls Projects Bitcoin To Hit $1,000,000 By 2030

Cory Klippsten, CEO of Bitcoin-focused exchange Swan and a prominent figure in the Bitcoin community, has made a bold prediction: Bitcoin (BTC) could soar to $1,000,000 by 2030.

Klippsten, who gained recognition for his accurate forecasts in 2024, including the successful launch of spot Bitcoin ETFs and Bitcoin’s surge to new all-time highs in 2021, shared this ambitious outlook in a recent interview with Kitco News.

“I think we’ll touch a million dollars a coin by 2030,” Klippsten stated when asked about his long-term price targets. “I don’t know if it’ll be in 2030, it might happen in 2029, and then you’ll see a pullback or something like that, but I think we’ll see a million dollars a coin this decade.”

In the short term, however, the pundit was less bullish. He forecasted Bitcoin would reach $100,000 by April 2025, nearly doubling from current levels within 18 months. By the end of 2025, he anticipates some volatility, predicting the price may settle around $125,000 after touching higher levels.

Notably, the pundit’s long-term optimism stems from Bitcoin’s increasing adoption and the continued growth of the crypto sector. He pointed out that 2024 has been a momentous year for Bitcoin, particularly with spot Bitcoin ETFs surpassing the market cap of traditional Silver ETFs just about one week after their January launch. The 11 spot Bitcoin ETFs available currently hold over $48 billion, roughly half the value of all known gold ETFs.

The Bitcoin advocate also highlighted the asset’s growing political significance, noting its bipartisan support and its emergence as a mainstream political topic.

“We had two presidential candidates, RFK and former president Trump, attending a Bitcoin conference, with former president Trump going so far as pledging to make Bitcoin a strategic Reserve asset,” Klippsten added.

Institutional adoption has also seen a dramatic increase, with more public companies adding Bitcoin to their balance sheets and even U.S. State Pension funds like Wisconsin and Michigan buying Bitcoin. Klippsten further revealed that there are now 52 public companies with Bitcoin on their financial statements.

That said, while Klippsten’s 2030 prediction might seem overly optimistic to some, he argued that Bitcoin doesn’t need any external catalyst other than continued growth in adoption to reach this lofty goal. 

“Volatility is good for Bitcoin because it gets people to take a look at it,” he explained. “If there are crises, it’s good for Bitcoin. If there’s more liquidity and assets are going up, it’s good for Bitcoin.”

Furthermore, Klippsten remains confident in Bitcoin’s long-term prospects despite potential regulatory challenges and market volatility. He saw the asset as a hedge against monetary inflation and believed that 2035 goods and services could be priced in Bitcoin and Satoshis alongside traditional currencies.

At press time, BTC was trading at $58,321, reflecting a 1.45% drop over the past 24 hours.