Bitcoin’s trading above $100,000 once more. But if you ask some of the most bullish voices on the Street, they’ll tell you this is just the warm-up. Some think we haven’t even scratched the surface.
One of them is Arthur Hayes, the outspoken co-founder of BitMEX. He’s predicting Bitcoin hits $1 million by 2029. That’s not a typo. A cool million per coin. Bold, sure—but not without backing. The market has seen crazier things, and the signs are adding up.
Bitcoin Breaks Into Six Figures (Again), But It’s a Different Landscape Now
The last time Bitcoin flirted with $100,000, excitement was palpable—but also fleeting. This time? There’s a notable shift in tone.
Unlike previous bull runs, where meme coins and speculative hype ruled, this surge is backed by institutional flows, regulatory clarity (to some extent), and ETFs that actually work. There’s less drama, more money, and way more credibility.
Just look at the numbers. Bitcoin’s current market cap is $2.1 trillion. That’s more than Meta. More than Berkshire Hathaway. It’s also closing in on Apple, which, until recently, was the biggest public company on the planet.
Still, it’s volatile. Today alone, BTC slipped -0.98%, down $1,021 to around $103,622. It’s been bouncing between $102K and $106K throughout the day. But big-picture? It’s up over 100% year-to-date. That kind of performance forces people to pay attention.
Why Some Investors Are Still Buying—Even at $100K
You’d think $100K would scare off buyers. But oddly enough, that’s not what’s happening.
People are buying more—not less. Why? Because for many long-term holders, Bitcoin is less about today’s price and more about tomorrow’s position.
Some analysts argue Bitcoin’s price is still in its early innings. Take gold as a benchmark. Gold has a $23 trillion market cap. Bitcoin, at $2.1 trillion, isn’t even close. If BTC ever matches gold’s value, we’re looking at a 10x jump. That’s over a million bucks per coin.
And if you zoom out, it kind of makes sense. Bitcoin has no borders. No CEO. No government to prop it up or tear it down. It runs on code, and that code limits the supply to 21 million coins—forever.
Arthur Hayes Thinks $1 Million Is Coming—and Fast
Arthur Hayes isn’t known for being shy. His recent take? Bitcoin will blow past $1 million within the next 3.5 years.
That may sound delusional at first glance, but his reasoning is pretty straightforward. Central banks keep printing money. Inflation is still a concern. Meanwhile, Bitcoin’s inflation rate keeps shrinking thanks to its halving cycles. Eventually, that scarcity could fuel a massive supply shock.
He’s betting that as more money seeks refuge from traditional systems, Bitcoin will be seen as the ultimate store of value.
Honestly, it’s hard to dismiss entirely. Hayes has been wrong before—but also very, very right.
Bitcoin Is Becoming What Gold Was—But for a Digital World
Some folks still roll their eyes at the idea of Bitcoin as “digital gold.” But the metaphor is catching on fast.
Gold’s appeal comes from its scarcity and long history of value. Bitcoin is starting to offer both—just in a digital form. It’s programmable, traceable, and doesn’t weigh a thing.
Here’s a quick look at how the two stack up today:
| Asset | Market Cap | Supply Cap | Portability | Adoption Trend |
|---|---|---|---|---|
| Gold | ~$23 Trillion | Unknown | Low | Flat or declining |
| Bitcoin | ~$2.1 Trillion | 21 Million coins | Instant | Rising globally |
And here’s the kicker: more and more countries are warming up to it. Argentina. Nigeria. Even small European banks. That network effect? It’s working in Bitcoin’s favor.
Early Investors Are Doubling Down Before 2026 Hits
If you’re wondering why there’s so much urgency around Bitcoin investments right now, it boils down to two things.
First, credibility. The longer Bitcoin sticks around, the more it earns people’s trust. It’s no longer an “experiment”—it’s a 14-year-old network that’s never been hacked and never shut down.
Second, the clock is ticking. The next Bitcoin halving is scheduled for 2028, but the real opportunity may lie between now and 2026. Why? Because institutional adoption is already snowballing.
Let’s break it down:
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Dozens of Bitcoin ETFs are now trading in the U.S. and globally.
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BlackRock, Fidelity, and Franklin Templeton are all involved.
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Even pension funds are starting to get exposure.
Retail investors are waking up to this. Every time Bitcoin proves it won’t die, it gets stronger. It’s survived China bans, exchange collapses, government lawsuits, and even social media ridicule.
Now? It’s being compared to gold by analysts who used to laugh at it.
The Bottom Line: Bitcoin Still Divides, But It’s Hard to Ignore
There’s no consensus. Some still call Bitcoin a bubble. Others see it as the most important financial invention in a century.
What’s undeniable is that Bitcoin is not going away. Whether you love it or hate it, it keeps showing up. And now, with $100K behind it and $1 million ahead (maybe), more investors are finally giving it a seat at the table.
Funny thing about Bitcoin—it doesn’t ask for permission. It just keeps moving.
